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Mar 26 - 05:00 AM

GBP/USD - Remains In A State Of Flux Under The 1.20 Level

By Rob Howard  —  Mar 26 - 03:30 AM
  • Cable has traded on a 1.18 handle since the Ldn open after a wild Wednesday

  • Pair rose to one-week high of 1.1971, then fell to 1.1640, then up to 1.1918

  • Drop to 1.1640 influenced by position adjustments after failure to test 1.20

  • GBP/USD has traded sub-1.20 since it broke below that level on March 17

  • There is a GBP 1.4bln 1.2000 option expiry for the NY cut nL1N2BJ091

  • BoE MPA and MPC minutes due at 1200GMT nL8N2BI93AnL1N2BI0C3





GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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