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May 01 - 05:55 AM
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GBP/USD - Scales New 10-Week Peak As Yen Jumps Vs Dollar
By Robert Howard — May 01 - 03:44 AM
• Cable jumped to 1.3621 high as USD/JPY slid to 155.49 EBS low at 0655 GMT
• 1.3621 is fresh ten-and-a-half week peak (1.3612 was Thursday high)
• GBP/USD was sub-1.35 before Japan intervened to strengthen the yen on Thursday
• 1.3500 was low after BoE kept its policy rate at 3.75% on Thursday, by 8-1 vote
• Markets currently see BoE's June rate decision as coin
toss between hike/hold
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters