By Rob Howard — Feb 23 - 02:35 AM
GBP has traded above 1.4050 since scaling new 34-month peak of 1.4086 Monday
1.4050 is a former resistance level (Monday's Asian session high)
Pound underpinned by BoE rate expectations and UK economic recovery hopes
On Monday, UK PM announced roadmap out of lockdown for England nL8N2KS593
1.4036 (Friday's high) and 1.4000 are support points below 1.4050
1.41 is an obstacle beyond 1.4086. UK jobless rate 5.1%, as f/c nL8N2KT1O3
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Source:
Refinitiv IFR Research/Market Commentary