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Mar 26 - 02:36 PM

GBP/USD - Up By Four Cents In Less Than 24 Hours

By Rob Howard  —  Mar 26 - 10:50 AM
  • Cable tripped stops after breaking above 1.2000, en route to 1.2038

  • 1.2038 is the highest level since March 18 (1.2130 was the high that day)

  • Break above 1.2000 followed U.S. jobless claims surge to record 3.28 million

  • See: nL1N2BJ0VY. 1.20 was Ldn am high, after Powell interview nL1N2BJ0HW

  • 1.1778 = intra-day low (in Asia). 1.1640 was Wednesday's low (at 1539GMT)

  • BoE promises more bond-buying if needed to fight virus crisis nL8N2BJ5GC


GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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