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