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Mar 31 - 04:55 AM

GBP/USD - Holds Above 1.3700 After UK C/A Deficit Below F/c

By Rob Howard  —  Mar 31 - 02:49 AM
  • Cable rallies to eye 1.3751 after early London dip to 1.3717 (intra-day low)

  • 1.3751 was Asian session top (highest level since Tuesday's 1.3707 low)

  • UK Q4 C/A deficit GBP 26.3bln vs 33bln f/c; Q4 GDP revised up nL8N2LT1DU

  • 1.3783 (Tuesday's high) and 1.38 are resistance levels beyond 1.3751

  • USD underpinned by optimism about the U.S. economy nL1N2LS1EGnL1N2LS2NL

  • 1.3671 (March 25, seven-week low) is a GBP/USD support point below 1.3700

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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