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Apr 27 - 07:55 AM

GBP/USD - Weighed Down By Political Hubbub Around UK PM

By Rob Howard  —  Apr 27 - 05:42 AM
  • GBP/USD hit 1.3860 at 0859GMT after breaking below 1.3867 (Monday's low)

  • 1.3860 is the lowest level since Friday (1.3836 was the low that day)

  • UK political hubbub around PM Johnson is helping weigh on GBP nL8N2MJ15Y

  • Scottish election event risk for GBP next week (May 6) nL1N2MK0HC

  • This week's key event risk is Wednesday's FOMC statement nL1N2MG1DY

  • 1.3877 (Asia low) is now a cable resistance level, pre-1.39 nL1N2MK0C2

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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