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May 27 - 06:55 AM

GBP/USD - Holding Near Its May Highs Versus The Dollar

By Peter Stoneham  —  May 27 - 05:40 AM
  • A tight but bullish range holding in early Monday trade

  • Thin conditions are not being exploited despite UK-U.S. holidays

  • Last week's 1.2761 high the initial hurdle: 1.2803 Mar. 21 high behind

  • More UK Conservative lawmakers resign than before the 1997 election defeat

  • Whatever the election result the Conservatives will have a new team

  • Sterling is showing surprising resilience in the face of political news

  • Global inflation and central bank policy the other main GBP drivers

  • Friday sees U.S. personal consumption expenditures: Fed's preferred measure

  • A steady month-on-month return expected

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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