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Apr 06 - 07:55 AM

GBP/USD - Reclaims 1.31 Handle After Rally From 3-Week Low

By Rob Howard  —  Apr 06 - 05:35 AM
  • Cable reaches 1.3107 after pushing its recovery envelope from 1.3046

  • 1.3046 was three-week low at 0611 GMT, courtesy of hawkish Brainard

  • See: nL2N2W409DnL2N2W3162. 1.3107 = 50% retracement of 1.3167-1.3046

  • 1.3167 was Tuesday's high, pre-Brainard (1.3181 was last week's high)

  • UK March construction PMI 59.1 vs 57.8 Reuters poll forecast nZRN0048U0

  • BoE policymakers weigh up need for more interest rate hikes nL5N2W34I5

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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