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TDUX
Jun 10 - 11:55 PM

GBP/USD - Dip Buyers Underpin, Iran Escalation Shrugged Off

By Krishna Kumar  —  Jun 10 - 11:19 PM

• GBP/USD up 0.1% in Asia after trading in a 1.33505-1.33905 range

• Rebounds from Iran-U.S. escalation-led drop on dip buying

• 2% rally in WTI crude, sharp decline in Asian stocks shrugged off

• 1.3300-1.3500 range likely to hold into upcoming risk events

• US PPI Thu key for Fed expectations ahead of June 17 rate decision

• UK April GDP Fri; May inflation, retail sales, April employment next week

• BoE rate meeting, Makerfield election key on June 18

• Resistance 1.3420, 1.3450, support 1.3350 1.3300-10; Thu range 1.3367-1.3423
us Inflation gauges


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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