By Randolph Donney — Mar 26 - 02:55 PM
GBP/USD rebounded to the key 55-DMA at 1.3815 it fell below on Tuesday
There was some relief early for cable amid better risk-taking
Also after the UK affirmed it had ample vaccine supplies nL1N2LO1S2
There was also some relief that Feb UK retail sales rebounded 2.1%
The 55-DMA, now at 1.3815, needs to be closed above to improve techs
Feb and March EUR/GBP lows may be key to cable's next move
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Source:
Refinitiv IFR Research/Market Commentary