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Jun 12 - 08:55 AM

GBP/USD - Up To Eye 1.36 On Dollar Supply

By Robert Howard  —  Jun 12 - 07:05 AM

• Dollar selling fuels cable rise from 1.3525 to 1.3598 (high since June 5)

• USD index falls to lowest level since April 2022

• 1.3525 was intra-day low after pound fell on weak UK April GDP data

• Resistance levels beyond 1.3600 include 1.3616 and 1.3643

• 1.3616 was 40-month high on June 5. 1.3643 was February 2022 high

• Bbg-Tudor Jones says Trump to pick 'uber dovish' Fed chair; USD to fall 10%

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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