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May 10 - 08:55 AM

GBP/USD - Trades Above 1.41 For First Time Since Feb 25

By Rob Howard  —  May 10 - 06:48 AM
  • Cable hit 1.4103 as GBP continues to benefit from Scottish indyref2 vibe

  • See: nL1N2MX0HBnL8N2MX26F. 1.4103 is the highest level since Feb 25

  • Ladbrokes odds suggest only 1 in 3 chance of Scottish referendum before 2025

  • 1.4103 is just shy of 76.4% Fibo of 1.4240 (Feb's 34-month high) to 1.3671

  • 1.3671 was March low (tested in April). 1.3892 = pre-NFP low nL1N2MX0AO

  • PM Johnson to set out next phase of England lockdown easing nL8N2MX153

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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