By Justin Mcqueen — Apr 24 - 01:25 PM
Sterling largely consolidating recent rebound, EUR/GBP holds below 0.86
While rate differentials are supportive of this bounce back in cable
GBP/USD longs are not out of the woods. Short-term flows are USD supportive
Meanwhile, risks to U.S. GDP are tilted to a topside surprise
Resistance remains situated at 1.25. Support resides at 1.23
Elsewhere, a 1bln pound option expiry (Fri) at 1.2430 may attract
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary