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TDUX
Apr 16 - 04:55 AM

GBP/USD - Respects 1.36 Resistance Level; Big UK Feb GDP Beat

By Robert Howard  —  Apr 16 - 02:36 AM

• Cable met fresh headwind pre-1.36 in Asia; 1.3595 was session high

• 1.3595 is the highest level for two months (1.3590 was Tuesday's top)

• Risk-sensitive GBP underpinned by stock gains as Middle East peace hopes grow

• 1.3545 (Wednesday low) is a support point. UK February GDP up 0.5% vs 0.1% f/c

• BoE's Bailey tells BBC he's in no rush to raises rates. Echoes his April 1 guidance

• Trump threatens to fire Powell if he doesn't quit Fed board. Warsh hearing April 21

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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