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Mar 23 - 07:55 AM

GBP/USD - Trades Below 1.38 For First Time Since March 5

By Rob Howard  —  Mar 23 - 05:35 AM
  • Cable hits 1.3781 after extending south from 1.3852 (post-UK jobs data high)

  • 1.3781 is the lowest level since March 5 (1.3779 was the low that day)

  • Drop to 1.3781 influenced by negative COVID news from France nL1N2LL0EA

  • On Monday, PM Johnson warned Europe's third COVID wave could hit Britain

  • See: nL8N2LK3U9. 1.3800 is now a GBP/USD resistance level, pre-1.3823

  • 1.3823 was Asia low, pre-UK jobs data (1.3822 was Monday's Ldn/NY low)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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