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TDUX
May 01 - 04:55 AM

GBP/USD - Retreats From 10-Week Peak As May Gets Underway

By Robert Howard  —  May 01 - 02:38 AM

• Cable eases to 1.3589 in early London trade, following month-end jump to 1.3612

• 1.3612 is the highest level since February 17 (1.3626 was the high that day)

• GBP/USD was sub-1.35 before Japan intervened to strengthen the yen on Thursday

• 1.3500 was low after BoE kept its policy rate at 3.75% on Thursday, by 8-1 vote

• Iran threatens painful response if U.S. renews attacks. Oil prices rise

• Trump lifts tariffs on UK whiskey to toast departing King Charles

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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