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Feb 23 - 08:55 AM

GBP/USD - Holds Close To 34-Month High Near 1.41 Pre-Powell

By Rob Howard  —  Feb 23 - 06:43 AM
  • 1.4068 is low water-mark for cable since its Ldn am rise to threaten 1.41

  • See: nL1N2KT0GC. GBP/USD was last at 1.41 in April 2018

  • GBP underpinned by BoE rate expectations and UK economic recovery hopes

  • UK PM Johnson says optimistic about fully reopening in June nL8N2KT37D

  • Fed chair Powell to speak at 1500GMT: USD may react to his comments

  • See: nL1N2KS1RK. CBI Feb retail sales balance -45 vs -38 f/c nL8N2KT379

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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