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TDUX
May 27 - 01:55 AM

GBP/USD - Consolidates After Tue Drop; Iran Impasse Dents Mood

By Krishna Kumar  —  May 26 - 11:44 PM

• GBP/USD steady in Asia after closing 0.43% lower Tue as Iran deal elusive

• Iran says new US strikes violate ceasefire; chances of near-term deal fade

• Risk rally, lower oil and U.S. yields likely to limit downside

• U.S. 10-year yield -1.5 bps in Asia after falling 8 bps Tue; WTI crude -1.2%

• Support 1.3435-40, 1.3410-15, resistance 1.3480, 1.3500-05

• Tuesday range 1.34345-1.35045, Asia 1.3447-1.34585
UK consumer sentiment has fallen most in G7:


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

Source:
London Stock Exchange Group | Thomson Reuters

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