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Thomson Reuters
Apr 13 - 07:24 AM
GBP/USD Threatens 1.43 As EUR/GBP Slides To 11-Month Low
First appeared on eFXplus on Apr 13 - 05:05 AM
  • GBP remains flavour of the month, with cable up to 11wk top just shy of 1.43
  • Ascent aided by tripped stops since early Ldn break thru 1.4250 nL1N1RQ0A4
  • EUR/GBP down to 0.8628, its lowest level since May 2017 (pre-UK election)
  • GBP/JPY up to 9wk high not far shy of 154: 24 hours ago it was close to 151
  • Rising expectations of Takeda bid for Shire positive for GBP nL3N1RP28B
  • 1.4346 (Jan's post-Brexit vote day high) key cable resistance beyond 1.4300

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