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Mar 24 - 03:55 AM

GBP/USD - Pivots 1.32 Before UK PMIs After Wednesday Fall

By Rob Howard  —  Mar 24 - 03:25 AM
  • Cable has traded a 30 pip range thus far Thursday; 1.3182-1.3212

  • 1.3212 is 2.5 pips shy of the rally high from Wednesday's 1.3175 low

  • Drop to 1.3175 followed climb from 1.3121 (Tuesday's low) to 1.3299

  • 1.3299 = highest level since March 4 (1.30 was 16-month low last week)

  • UK March flash PMIs due 0930 GMT; service PMI f/c 58.0, mfg PMI f/c 56.7

  • Fed officials nod to big rate hikes to fight inflation nL2N2VQ1PF

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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