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Mar 26 - 06:12 AM

GBP/USD - Ascends To Threaten Wednesday's One-Week High

By Rob Howard  —  Mar 26 - 04:20 AM
  • Cable eyes 1.1971 after extending north from 1.1778 (Asian session low)

  • 1.1971 was Wednesday's one-week high, before a drop to 1.1640 nL1N2BJ09A

  • Offers expected near 1.20 (March 17 low) if GBP/USD continues higher

  • Cable has traded sub-1.20 since it broke below that level on March 18

  • There is a big 1.2000 option expiry for today's NY cut nL1N2BJ091

  • UK retail sales stagnate in February, before virus hit nL8N2BJ22M

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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