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Mar 14 - 01:55 PM

GBP/USD - Down To One-Week Low As UST Yields Rise On PPI Data

By Rob Howard  —  Mar 14 - 12:05 PM
  • Cable falls to 1.2732 (one-week low) as USD benefits from higher UST yields

  • Higher UST yields follow hotter than expected US producer prices

  • GBP/USD support points include 1.2724 (March 7 low) and 1.2713

  • 1.2713 is 61.8% Fibo of 1.2600 (March 1 low) to 1.2893 (March 8 high)

  • 40% of economists polled by Reuters expect BoE rate cut in Q2 nL5N3FS29L

  • Biden has a marginal 1 point lead over Trump, Reuters/Ipsos poll shows

Source:
Refinitiv IFR Research/Market Commentary

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