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Mar 09 - 11:55 AM

GBP/USD - Rises To Its Highest Level Since Thursday

By Rob Howard  —  Mar 09 - 09:41 AM
  • Cable hits 1.3912, its highest level since Thursday, after vaulting 1.3900

  • 1.3900 was Ldn am high nL1N2L70O1. EUR/GBP simultaneously eases to 0.8555

  • 0.8555 = lowest level since Feb 24 (0.8540 was one-year low that day)

  • Risk-sensitive GBP benefits from U.S. equity gains: Nasdaq opens 2.5% higher

  • See: nL4N2L73B1. 1.3921 and 1.3950 are GBP/USD resistance levels

  • USD event risk: 3-year and 10-year bond auctions loom large nL1N2L713Y

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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