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Mar 17 - 05:55 AM

GBP/USD - Gets Booster Shot To 2-Day High Pre-FOMC Event Risk

By Rob Howard  —  Mar 17 - 03:36 AM
  • Cable hits 1.3917 following its early Ldn break above 1.3906 (Tuesday high)

  • GBP supported by EMA's Tuesday backing for AZ's COVID-19 shot nL8N2LE2KT

  • AZ shots have played a big role in UK's speedy rollout of COVID-19 vaccines

  • Offers expected near 1.3950 (Monday's high) if GBP/USD extends north

  • 1.3809 was Tuesday's one-week low (after some profit-taking on GBP longs)

  • FOMC event risk in pipeline nL1N2L82OTnL1N2L72RT. BoE MPA Thursday

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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