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Jun 01 - 04:55 AM

GBP/USD - Seven Bull Months Out Of Eight And New Trend High

By Peter Stoneham  —  Jun 01 - 03:41 AM
  • Sterling on a roll as flows underpin a run to new 2021 highs: 1.4250

  • Initially limited follow through on the 1.4240 break but bid is holding

  • Little in the way of major resistance until 1.4377 Apr 2018 high

  • GBP strong May, 7 bull months out of 8: cls abv 100MMA, first since Jul 2014

  • BoE Dep. Governor Ramsden said it is monitoring UK housing boom nL2N2NJ0AB

  • Ramsden: bank weighing inflation risk, would not hesitate to act, if needed

  • UK May house prices +10.9% y/y vs +7.1% Apr (poll +9.2%) N/wide nAPN06GTBT

    For more click on FXBUZ












GBP/USD daily candled chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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