By Rob Howard — Mar 27 - 03:50 AM
Cable rises to 1.2632 intra-day high after eliciting support pre-1.2600
1.2608 was two-day low in Asia. 1.2622-1.2668 was Tuesday's range
Tuesday's top was highest level since Friday's five-week low of 1.2576
1.2676 was Friday's high - before BoE Governor's dovish guidance hurt GBP
Next BoE rate decision on May 9; markets see 18% chance of cut 0#BOEWATCH
Pound has gained 0.7% vs dollar in April on average over the last 50 years
Source:
Refinitiv IFR Research/Market Commentary