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TDUX
Apr 28 - 08:55 AM

GBP/USD - Weighed Down By Higher Oil Prices

By Robert Howard  —  Apr 28 - 08:14 AM

• Cable falls to 1.3464 as safe-haven dollar strengthens on higher oil prices

• 1.3464 is the lowest level since Friday (1.3455 was the low that day)

• 30-year gilt yield rises to 5.708%, its highest level since September 2025

• 1.35 is now a GBP/USD resistance level. 1.3539 was Asian session high

• Ex-aide McSweeney backs UK PM Starmer over Mandelson appointment

• UK's Reeves, asked about a rent freeze, says she wants to help tenants

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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