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Mar 01 - 08:55 AM

GBP/USD - Holds Below 1.40 As Greenback Stands Tall

By Rob Howard  —  Mar 01 - 07:33 AM
  • Cable topped out at 1.3977 after rallying off 1.3928 (Ldn am intra-day low)

  • 1.3997 (early Ldn high) was the origin of the drop to 1.3928 nL2N2KZ0KB

  • USD index rose to three-week high during the London morning (91.127)

  • 1.3999 was GBP/USD high in Asia, after climb from 1.3931 nL2N2KZ06B

  • Friday's low was 1.3890 -- before hawkish Haldane lifted GBP nL8N2KW4LB

  • IMM speculators raise net GBP long position to 51-week high nL2N2KZ0GJ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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