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Apr 06 - 11:55 AM

GBP/USD - Helped Off Intra-Day Low By Greenback Supply

By Rob Howard  —  Apr 06 - 10:00 AM
  • Cable tests 1.3857 after pushing its recovery envelope from 1.3818

  • 1.3857 = 38.2% Fibo of 1.3919 (early London two-week high) to 1.3818

  • 1.3818 was intra-day low at 1153GMT (1.3814 was Monday's early Europe low)

  • See: nL1N2LZ0KG. Rally from 1.3818 fuelled by USD selling nL1N2LZ0X2

  • "Pub passports" not needed at start of England reopening, UK PM Johnson says

  • See: nL8N2LZ1UZ. IMF ups UK 2021 GDP growth forecast to 5.3% nL8N2LZ3K8

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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