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TDUX
May 31 - 11:55 PM

GBP/USD - Sags As Iran Deal Stalls, Lebanon Violence Escalates

By Krishna Kumar  —  May 31 - 09:49 PM

• GBP/USD down 0.1% in Asia on elusive Iran deal, Lebanon conflict escalation

• Trump yet to approve proposed deal though markets remain optimistic

• Iran's top negotiator Qalibaf says no U.S. deal without tangible results

• Netanyahu orders deeper Israeli incursion into Lebanon to hit Hezbollah

• WTI crude +2.9% on Lebanon news after 9.5% drop last week, undermines GBP

• BoE Governor Bailey's less hawkish comments Friday also weigh on GBP

• Support 1.3400-05, 1.3370-75, resistance 1.3470, 1.3490-1.3500

• Friday range 1.3409-1.3485, Asia 1.3445-1.3459
UK payrolls:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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