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Apr 23 - 03:55 AM
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GBP/USD - Respects Double-Day Low; UK PMI Data Awaited
By Robert Howard — Apr 23 - 02:37 AM
• Cable respects 1.3475 as safe-haven USD inches up on Iran's tightened Hormuz control
• 1.3475 was double-day low on Monday-Tuesday. 1.3480 was Asian session base
• Support points below 1.3475 include 1.3460 (100DMA) and 1.3431 (38.2% Fibo)
• UK borrowed 12.6 billion pounds in March vs 10.3 billion forecast
• UK April flash PMIs due at 0830 GMT; services index forecast at 50.0
• Mandelson scandal shatters UK PM Starmer's promise of
stable government
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters