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May 19 - 05:00 AM

GBP/USD - Eyes April's Low After Lift From Seven-Week Low

By Rob Howard  —  May 18 - 08:25 AM
  • Cable eyes 1.2166 after pushing its recovery envelope from 1.2075

  • 1.2166 was last month's low (Apr 7). 1.2075 was seven-week low in Asia

  • Asia low was plumbed after a dovish steer from BoE's Haldane nL8N2CY0NI

  • Britain heading for sub-zero rates club, money markets bet nL8N2D01PN

  • GBP elicits support from global equity gains: S&P e-mini +2.5% nL4N2D030G

  • EUR/GBP down to eye 0.8900 vs seven-week high of 0.8956 in Asia nL1N2D008O

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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