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Thomson Reuters
May 03 - 07:24 AM
GBP/USD - Perks Up Pre-UK Service PMI On USD Supply
First appeared on eFXplus on May 03 - 04:10 AM
  • GBP/USD up to 1.3624 intra-day high as greenback weakens broadly
  • 1.3624 is also the peak since Wednesday's post-FOMC 16-week low of 1.3555
  • UK Apr service PMI due 0830GMT, 53.5 is consensus expectation
  • Beat could inflate cable towards 1.3667 (Wednesday's high) nL1N1SA06A
  • 1.3667 was also Tuesday's Ldn am low (after UK mfg PMI miss)
  • Offers expected near 1.3700 (ex-option barrier level) if 1.3667 vaulted

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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