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Apr 29 - 04:55 AM

GBP/USD - Reclaims 1.25 Handle As Month-End Looms

By Rob Howard  —  Apr 29 - 02:40 AM
  • Cable reaches 1.2527 as it pushes its recovery envelope from 1.2412

  • 1.2412 was Thursday's 21-month low, as USD rose to 20-year high nL2N2WQ2MA

  • Rise to 1.2527 influenced by USD position adjustments into month-end

  • See: nL2N2WR0D6. China set to step up policy support nL2N2WR07P

  • Offers may emerge near 1.2566 (Thursday's high) if GBP/USD extends north

  • Fed/BoE event risks next week; 25 bps BoE rate hike expected nL5N2WO38Z

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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