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Mar 22 - 11:55 AM

GBP/USD - Respects Asia Low After Sliding On Vaccine Politics

By Rob Howard  —  Mar 22 - 09:53 AM
  • Cable elicits support by 1.3819 (Asia low) after falling from 1.3877

  • 1.3877 = intra-day high (just before 1200GMT). 1.3819 = low since March 16

  • Drop to eye 1.3819 influenced by risk of EU ban on vaccine exports to UK

  • See: nL8N2LK1YAnL9N2JA007. More GBP/USD bids expected ahead of 1.3800

  • 1.3809 was last week's low (March 16). 1.3801 was prior week's low (March 8)

  • Net GBP long held by IMM speculators falls to four-week low nL1N2LK0EI

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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