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Apr 20 - 07:55 AM

GBP/USD - Retreats From Six-Week High To Intra-Day Low

By Rob Howard  —  Apr 20 - 06:05 AM
  • Cable threatens 1.3973 after retreating from 1.4009 (six-week peak)

  • GBP/USD notched that six-week peak before 0600GMT release of UK jobs data

  • Employees on company payrolls fell for first time in 4 months nL8N2MD17C

  • More: nL1N2MD0MV. 1.3973 was pullback low from 1.3993 (Monday's high)

  • GBP was the best performing major currency on Friday and Monday

  • Sterling bulls hope Wednesday's UK CPI data spurs fresh charge nL1N2MD0JK

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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