By Robert Howard — Apr 25 - 02:29 AM
• Cable holds above 1.3275 after unexpectedly positive UK retail sales data
• UK March retail sales up 0.4% MM vs minus 0.4% consensus forecast
• 1.3275 = Asia low as USD rose on report China weighing US tariff exemptions
• Support points below 1.3275 include 1.3250 (NY low Wednesday) and 1.3234
• 1.3234 was Wednesday base (low since April 17). 1.3348 was Thursday high
• BoE's Bailey said he hoped expected rise in UK CPI would prove transitory
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
