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TDUX
Jun 01 - 08:55 AM

GBP/USD - Holds Below 1.35 As June Gets Underway

By Robert Howard  —  Jun 01 - 07:09 AM

• Cable has traded an 18.5 pip range since the London open; 1.3457 is session low

• Resistance levels include 1.3485 (Friday's three-day high) and 1.35

• BoE is expected to keep its policy rate at 3.75% this month (June 18)

• June 18 is also the Makerfield by-election date: Labour's Burnham vs Reform

• BP sells 5% stake in Australian Browse LNG project to South Korea's GS Energy

• U.S. May ISM manufacturing index due at 1400 GMT; 53.0 expected (Reuters poll)

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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