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May 20 - 03:55 AM

GBP/USD - Holds Above 1.41 After Drop On FOMC Minutes

By Rob Howard  —  May 20 - 02:32 AM
  • Cable rises to 1.4127 in early Ldn trade, having held above 1.4100 in Asia

  • 1.4100 was Wednesday's two-day low, after USD rose on FOMC minutes

  • Minutes showed some Fed officials edged towards 'taper' debate nL2N2N628K

  • 1.4135 was GBP/USD low before FOMC minutes were published at 1800GMT

  • 1.42 was Wednesday's high -- before risk aversion hurt GBP and lifted USD

  • See: nL2N2N62EY. 1.4078 (Monday's low) is a support point below 1.41

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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