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Derived real-time data in partnership with:
Thomson Reuters
Apr 16 - 07:24 AM
GBP/USD - Trades Above 1.4300 For First Time Since Jan 25
First appeared on eFXplus on Apr 16 - 06:00 AM
  • 1.4313 = highest level for GBP since Jan 25 after stops above 1.4300 tripped
  • Pound continues to benefit from expectation of a BoE rate hike next month
  • M&A news is another positive for sterling nL1N1RT06A nL8N1RT101
  • Offers expected near 1.4350 (option barrier level) if cable extends north
  • Cable scaled its post-Brexit referendum day peak of 1.4346 on Jan 25
  • 1.4346 is just above 50% of 1.7192 (2014 high) to 1.1491 (2016 low)

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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