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May 14 - 07:55 AM

GBP/USD - Respects 1.4080 Resistance Level Amid Equity Gains

By Rob Howard  —  May 14 - 05:39 AM
  • Offers just shy of 1.4080 are keeping a lid on cable amid equity gains

  • See: nL1N2N10IK. Stock gains often lift risk-sensitive GBP, and vice-versa

  • 1.4080 = former support point (knee-jerk low after U.S. CPI shock Wednesday)

  • More offers expected around 1.41 (1.4105 was Tuesday's low) nL1N2N10BT

  • Britain to adapt vaccine rollout to tackle Indian variant nL8N2N1180

  • British and Irish prime ministers to meet at lunchtime (BST) nL8N2N04QX

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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