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May 28 - 08:55 AM

GBP/USD - Drops To Intra-Day Low Pre-U.S. Data, Month-End

By Rob Howard  —  May 28 - 08:11 AM
  • Cable falls to 1.4155 as USD strengthens before key U.S. data at 1230GMT

  • Fed's preferred inflation gauge is forecast to jump to 2.9% nL2N2NE0O2

  • Month-end USD demand talk is also lending support to the greenback

  • 1.4155 approximates to 50% retrace of Thursday's rise from 1.4092 to 1.4220

  • Thursday's high was posted on Vlieghe's BoE rate hike steer nL5N2NE40N

  • 1.4140 (Thursday's Ldn am high, pre-Vlieghe) is a support point below 1.4155

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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