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Jun 25 - 04:55 AM

GBP/USD - On 1.36 Handle After Scaling 41-Month Peak Tuesday

By Robert Howard  —  Jun 25 - 02:39 AM

• Cable holds above 1.3600 after scaling 41-month peak of 1.3648 on Tuesday

• That peak was scaled as Fed's Powell spoke, after U.S. confidence index miss

• 1.3600 is a former resistance level (big 1.3600 option expiry for June 30)

• UK jobs surveys send fresh cool-down signals. BoE's Bailey on labour market

• PM Starmer vows to press on with welfare reforms despite opposition

• BoE's Lombardelli due to speak at 0845 GMT; Pill (hawk) speaks at 0900 GMT

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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