eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• GBP/USD up 0.3% in Asia on signs stalled US-Iran peace talks may resume
• Trump calls off bombing, Iran says it will halt strikes as long as US does
• GBP opened at 1.3343 from Friday's 1.3323 close, rallies to a 1.3363 high
• Risk rallies as U.S. crude falls 4.5%; S&P 500 futures + 0.75%, boosts GBP
• Gains capped on caution ahead of a busy week for risk events
• Fed, BoE, BOJ rate decisions and a packed data calendar this week
• BoE to hold steady on Thu and this year but Iran war inflation risks persist
• Support 1.3325-30, 1.3299, 61.8 of June-July rally; resistance 1.3390-1.3400
• Friday range 1.3306-1.3348, Asia 1.3342-1.3363
GBP:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)