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Feb 18 - 03:55 AM

GBP/USD - Deflated By Expectation Of Robust U.S. Recovery

By Rob Howard  —  Feb 18 - 02:30 AM
  • Cable has eased to an intra-day low 11 pips shy of 1.3830 since the Ldn open

  • 1.3830 was Wednesday's low, after USD rose on big U.S. Jan retail sales beat

  • See: nL1N2KM1PY. Strong data bolstered view robust U.S. recovery under way

  • 1.3877 (Asian session high) and 1.39 are GBP/USD resistance levels

  • Bond-buying remains BoE's stimulus weapon of choice - Ramsden nL8N2KN5W9

  • UK PM promotes Brexit negotiator Frost to cabinet minister nL1N2KN1YZ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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