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Apr 25 - 06:55 AM

GBP/USD - Ascends Through 1.25 As BHP-Anglo News Digested

By Rob Howard  —  Apr 25 - 04:35 AM
  • Cable rises to 1.2516 as the pound benefits from BHP-Anglo news

  • Australian miner BHP makes $39 billion bid for London-listed Anglo American

  • 1.2516 is highest level since April 12 (1.2558 was high that day)

  • It is also more than two cents above Monday's five-month low of 1.2299

  • US Q1 GDP data due at 1230 GMT; growth of 2.4% is consensus forecast

  • Scotland's SNP-Green government coalition collapses - Sky News nL5N3GY32B

Source:
Refinitiv IFR Research/Market Commentary
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