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Jun 03 - 03:55 AM

GBP/USD - On 1.35 Handle Before BoE's Bailey Speaks To UK TSC

By Robert Howard  —  Jun 03 - 02:18 AM

• Cable has traded a 45.5 pip range thus far Tuesday; 1.3559 = intra-day high

• Monday's high was also 1.3559, after dollar fell on US ISM mfg index miss

• 1.3559 is highest level since May 27 (1.3593 was 39-month high on May 26)

• Support points include 1.3500 (ex-resistance level) and 1.3449 (Friday low)

• Four MPC members, including BoE chief Bailey, to address TSC from 0915 GMT

• UK trade minister to meet USTR Greer to discuss implementing trade deal

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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