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May 28 - 07:55 AM

GBP/USD - Respects Asia High After 1.35 Handle Reclaim

By Robert Howard  —  May 28 - 05:41 AM

• Cable runs into resistance ahead of 1.3522 after extending north from 1.3462

• 1.3522 was Asian session high (and Tuesday's London morning low)

• More offers likely near 1.3539 (Monday's Asian session base) and 1.3550

• 1.3462 was intra-week low at 0521 GMT, amid month-end USD demand talk

• UK grocery inflation hits highest level in 15 months, says Kantar

• BoE is expected to keep interest rates unchanged in June; 7-2 vote likely

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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