By Refinitiv — Jun 05 - 07:10 PM
• GBP/USD hit 2025 1.3616 high before fading, currently +12.2% from Jan low
• ECB cut rates 25 bps, hawkish guidance lending GBP support & pressuring USD
• UK turning corner with improving economic conditions whilst U.S. woe mounts
• Deteriorating U.S. data, debt & tariff concerns will continue impacting USD
• U.S. non-farm payrolls Fri will be critical, Reuters poll consensus +130k
• 'Buy on dips' strategy remains fruitful, 1.3500-05 an attractive entry zone
• Range early Asia 1.3573-74, support 1.3500 1.3415, resistance 1.3750
GBP Daily 200-DMA
GBP Weekly & 2025 Upswing
GBP Hourly Bollinger Study
Source:
London Stock Exchange Group | Thomson Reuters