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Mar 24 - 11:55 AM

GBP/USD - Holds Above 1.37 After Rallying Off Six-Week Low

By Rob Howard  —  Mar 24 - 10:30 AM
  • Cable has broadly held above 1.3700 since it hit 1.3732 on UK PMI beats

  • Stops below 1.3700 were tripped in early London trade, en route to 1.3675

  • 1.3675 = low since Feb 5, after surprise fall in UK inflation (pre-UK PMIs)

  • See: nL8N2LM1HL. UK March service PMI 56.8 vs 51.0 f/c nL8N2LM2RO

  • EU's Dombrovskis: EU's tighter rules on vaccine exports not aimed at anyone

  • See: nB5N2G100BnL1N2LM10I. UST yields rise from 1-week low nL1N2LM1K3

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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