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Refinitiv
May 09 - 03:55 PM

GBP/USD - Rides Rising UK Yields Up, Regains 1.33 Ahead Of US-China Trade Talks

By Refinitiv  —  May 09 - 02:17 PM

• GBP$ firm into NorAm cls, +0.58% at 1.3315; Friday range 1.3323-1.3213

• Pair gained steadily throughout the day, regaining 21-Dma at 1.3295, bullish

• BoE cut, UK-U.S. trade deal Thurs boosted volatility; marts cautious pre-China meet

• Sterling mounts comeback as post-trade-deal dollar euphoria ebbs nL6N3RH0J0

• UK gilts a touch higher than USTs; US-UK YE 2025 rates outlooks symmetrical

• GBP$ res 1.3324 the 10-DMA, 1.3402 the May 6 high, 1.3445 2025 high on Apr 28

• Supt 1.3295 rising 10-HMA, 1.3213 Friday's 3-wk low, 1.3178 rising 21-DMA



GBP Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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