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May 20 - 11:55 AM

GBP/USD - Climbs To Intra-Day High As Risk Appetite Rises

By Rob Howard  —  May 20 - 09:37 AM
  • Cable rises to 1.4161 as U.S. stocks open higher nAQN0473CAnAQN0473F2

  • 1.4161 = intra-day high. 1.4105-1.4141 was Ldn am range (high before low)

  • See: nL2N2N70RH. Offers may emerge near 1.4180 if GBP/USD extends north

  • 1.4180 was Wednesday's NY session high (and Wednesday's Asian session low)

  • Philly Fed business activity index 31.5 vs 43.0 f/c nL2N2N639G

  • UK Apr retail sales data and May's PMIs may impact GBP Friday nL2N2N70ZJ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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