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TDUX
Jun 01 - 03:55 AM

GBP/USD - Elicits Support From Trump's Iran Guidance

By Robert Howard  —  Jun 01 - 03:06 AM

• Cable rises to 1.3475 after Trump says Iran really wants to make a deal with U.S.

• 1.3475 is 10 pips shy of Friday's high. 1.35 is a resistance level beyond 1.3485

• Asian session low was 1.3445 (before Trump's Truth Social post on Iran)

• UK house prices fall for first time since start of Iran war, Nationwide says

• On Friday, Bailey said Bank of England has time to gauge impact of Iran war

• Powell warns that politicizing the Fed would cost public trust

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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