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Mar 11 - 06:55 AM

GBP/USD - On 1.28 Handle After Scaling 32-Week Peak Friday

By Rob Howard  —  Mar 11 - 05:20 AM
  • Cable has traded a 30 pip range thus far Monday; 1.2833-1.2863

  • 1.2833 is also the low water-mark since Friday's 32-week high of 1.2893

  • That high was notched after the dollar fell on US jobs data nL2N3FL3NH

  • 1.2802 was Friday's low (before USD/JPY tanked on reports about BoJ)

  • CFTC data showed net GBP long up to highest since August before UK budget

  • BoE forecasts in the dock as Bernanke verdict looms nL2N3FE2DA

Source:
Refinitiv IFR Research/Market Commentary

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