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Apr 12 - 05:55 AM

GBP/USD - Reclaims 1.37 Handle After Testing Nine-Week Low

By Rob Howard  —  Apr 12 - 03:40 AM
  • Cable rallies to 1.3734 after dropping to test 1.3670 at 0508GMT

  • 1.3670 was Friday's nine-week low (1.3671 was March low) nL1N2M20DB

  • 1.3734 = intra-day high, 10 pips shy of rally high from Friday's low

  • FT report about EU-UK talks re: N.Ireland is supportive for GBP nFWN2M402W

  • English shops and pub gardens reopen as lockdown eases nL1N2M50BP

  • IMM speculators reduce net GBP long position to nine-week low nL1N2M50EX

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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