By Krishna K — Feb 28 - 05:41 PM
GBP/USD starts week on cautious note after 0.9% fall Fri on global bond rout
Traders wary, rapid 2.2% fall from Wednesday 1.4240 high unnerves bulls
Risk shakeout triggers sharp correction after 5% rise from 1.3566 Feb 4 low
U.K. budget Wed; Finance Minister Sunak to borrow heavily again nL8N2KV6AE
Will set out plans to raise income tax by 6 bln pounds-The TimesnL2N2KY00V
Support 1.3870-1.3900, 1.3820-30; resistance 1.3990-1.4000, 1.4025-30
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Source:
Refinitiv IFR Research/Market Commentary