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Apr 09 - 02:55 AM

GBP/USD - Falls To Two-Week Low Just Shy Of 1.3700

By Rob Howard  —  Apr 09 - 02:23 AM
  • Cable hits 1.3704 after breaking below base of 1.3723-1.3750 Asia range

  • 1.3704 is the lowest level for two weeks (1.3707 was last week's low)

  • Last month's low of 1.3671 (March 25) is a support point below 1.3700

  • Growing concerns about UK's reliance on AZ vaccine is helping weigh on GBP

  • See: nL1N2M206R. Violence in N.Ireland is also worrying nL1N2M10DZ

  • GBP/USD usually rises in April: up in 17 of past 21 years nL1N2LT3KJ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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