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TDUX
May 21 - 05:55 PM

GBP/USD - Volatile On Iran News, Ultimately Higher On Unconfirmed Deal Talk

By Refinitiv  —  May 21 - 02:22 PM

• GBP$ near flat at 1.3432 on the day in NY afternoon, NorAm range 1.3437-1.3394

• Pair dipped early Thursday after Iran leader's comments on enriched uranium

• Talk of US-Iran agreement, yet to be confirmed, lifts risk heading into NorAm close

• UST yields slipped, on Iran deal talk sapping USD strength, risk recovered slightly

• GBP$ res 1.3455 Thursday high, 1.3381 50% Fib of 1.3658-1.3304, 1.3511 the 30-DMA

• Supt 1.3425 the 200-DMA, 1.3374 lower 30-d Bolli, 1.3304 daily low May 18

Sterling Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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