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Apr 02 - 06:55 AM

GBP/USD - Better But Remains Under A June Cut Cloud

By Peter Stoneham  —  Apr 02 - 05:05 AM
  • Early Tues gains for the pound vs dollar and euro

  • Move against the dollar tentative at best

  • GBP/USD's drop under the 200-day moving average Monday could be key

  • Average today at 1.2588: had been supp on a closing basis since Feb 5

  • Apr. 10 1.2662-71 Ichimoku cloud twist offers some hope for GBP

  • However, fundamentals weigh heavy: earlier BoE rate cut risk

  • Softer than expected BRC inflation supports earlier BoE rate cut

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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