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TDUX
Apr 23 - 11:55 AM

GBP/USD - Continues To Respect Double-Day Low

By Robert Howard  —  Apr 23 - 09:40 AM

• Cable has traded a 32 pip range since the London open; 1.3479-1.3511

• 1.3479 is four pips above the double-day low on Monday and Tuesday

• Support points below 1.3475 include 1.3461 (100DMA) and 1.3431

• U.S. weekly jobless claims increase marginally as labor market remains stable

• UK companies see cost pressures spreading at record pace

• UK March retail sales data due on Friday, at 0600 GMT; up 0.1% MM f/c

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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