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May 09 - 11:55 AM

GBP/USD - Eyes 1.33 Resistance Level Before US-China Talks

By Robert Howard  —  May 09 - 09:50 AM

• Cable eyes 1.3300 after rising further from 1.3213 (three-week low in Asia)

• Ascent precedes Bessent/Greer talks with China's trade tsar on Saturday

• Trump says "80% tariff on China seems right. Up to Scott B"

• Resistance levels beyond 1.3300 include 1.3345, 1.3355 and 1.3376

• 1.3345 was Ldn/NY session high Thursday, after BoE's relatively hawkish cut

• Eight of the nine BoE MPC members are due to speak next week

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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