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Feb 17 - 03:55 AM

GBP/USD - Holds Below 1.39 After UK CPI Higher Than Expected

By Rob Howard  —  Feb 17 - 02:14 AM
  • Cable has traded sub-1.39 since dropping to 1.3862 in Asia on USD demand

  • 10-year UST yield hit 1.33% in Asia, highest level for a year nL4N2KN0GP

  • 1.3862 approximates to last week's high (1.3870 was Tuesday's low)

  • Resistance levels beyond 1.39 include 1.3919 (Asia high), 1.3935 and 1.3955

  • 1.3955 = Tuesday's 34-month high. UK Jan CPI +0.7% vs +0.6% f/c nL8N2KM5DX

  • Lockdown exit: UK could be back to work by July - Daily Mail nS8N2K0042

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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