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May 24 - 03:55 PM

GBP/USD - Rises Off Europe Low 1.4113; Eyes 2021 High By 1.4240

By Paul Spirgel  —  May 24 - 01:40 PM
  • GBP/USD ends NorAm -0.04% at 1.4152; NorAm range 1.4168-1.4121

  • Shallow sterling pullbacks hint bulls eying run at trend highs nL2N2NB18C

  • Pair trades slight 1.4168-45 after London fix, EZ holidays curb liquidity

  • BoE's Cunliffe: Won't tighten until spare capacity eliminated nL9N2LG00E

  • Bailey shrugs off negative rates; Saunders may need tightening nL9N2LG00R

  • Bruised 10-DMA supt by 1.4129 holds; Res 1.4172 Mon high, 1.4233/40 '21highs

  • EUR/GBP +0.2% at 0.8628, Mon range 0.8649-08; EZ recovery, vax rollout gains provides EUR boost

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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