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Apr 06 - 01:55 AM

GBP/USD - Resilient To USD Strength, Could Fly If USD Falls

By Andrew M Spencer  —  Apr 06 - 12:02 AM

  • -0.1% in a 1.3890-1.3915 range, with moderate flow - USD a touch firmer

  • Sterling resilient as USD climbed - could surge if the USD extends losses

  • Sunak's tax break plan is working, as UK manufacturers invest nL8N2LY2PY

  • Britain launches a new loan scheme to help companies recover nL8N2LY146

  • Positive news for the UK economic recovery, as the vaccine rollout continues

  • Charts; 5, 10 & 21 DMAs base or rise, with 5 DMA poised to cross 21 DMA

  • Close above 1.3853 21 DMA, now first support, suggests further gains

  • Targets a test of 1.3955, 50% of the 2021 fall, then 1.4022 61.8%

    For more click on FXBUZ


gbp 2 apr 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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