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May 05 - 08:55 AM

GBP/USD - Threatens Monday's High After 1.39 Handle Reclaim

By Rob Howard  —  May 05 - 06:43 AM
  • Cable hits 1.3925 (two-day peak) after rallying off 1.3877 (intra-day low)

  • Rally precedes BoE MPA and Scottish/Hartlepool election event risks Thursday

  • BoE may reduce pace of its bond purchases from GBP 4.4bln/week nL8N2ML9FM

  • 47 of 129 Scottish election seat results due Friday, other 82 due Saturday

  • See: nL4N2MR2UH. Hartlepool by-election result due Friday nL1N2MR0F5

  • 1.3931 (Monday's high), 1.3958 and 1.3979 are GBP/USD resistance levels

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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