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Apr 22 - 07:55 AM

GBP/USD - Respects Wednesday's Low After Half-Cent Fall

By Rob Howard  —  Apr 22 - 05:44 AM
  • Cable elicits support by 1.3886 after sliding from 1.3946 (early Ldn high)

  • 1.3886 was Wednesday's low -- before rally towards 1.3950 after hawkish BoC

  • See: nL1N2MF0MC. Gains for safe-haven USD influenced by news from India

  • India sets record for new COVID cases; oxygen running out nL4N2MF0SC

  • More GBP/USD bids expected near 1.3863, 50% retracement of 1.3717-1.4009

  • British shoppers rush back to reopened clothes stores nL8N2MF2XW

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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