By Robert Howard — May 16 - 02:42 AM
• Cable rises to 1.3333 as lower UST yields weigh on the dollar
• 1.3333 is highest level since Wednesday (1.3361 was one-week peak that day)
• Lower UST yields influenced by cooler than expected U.S. producer prices
• GBP/USD support points include 1.3300 and 1.3254 (Wednesday's low)
• Catalyst for Wednesday's rise to 1.3361 was South Korea-U.S. FX news
• Why China's neighbours may want currency deals with Trump
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters