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TDUX
Apr 16 - 11:55 PM

GBP/USD - Softens As Energy Price Shock Reality Settles In

By James Connell  —  Apr 16 - 10:59 PM

• GBP/USD -0.1% Fri in Asia as post-Apr 6 uptrend struggles to hold

• Upbeat pre-war data gives minimal uplift, energy price shock risks remain

Break below 1.3500 may spur further slide towards 1.3444 55-DMA

• Israel-Lebanon enters 10-day ceasefire, improves chances of U.S.-Iran talks

• Rising speculation of interim Iran deal to prevent further hostilities

• U.K. flash PMIs, jobs, inflation & retail sales updates all due next week

• U.S. Mar retail sales due Tue, Apr S&P flash PMIs Thur

• Range Asia 1.35149-35, support 1.3160 1.3040, resistance 1.3867 1.4250
GBP Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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