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Jun 23 - 07:55 AM

GBP/USD - On Front-Foot Ahead Of BoE MPA Thursday

By Rob Howard  —  Jun 23 - 05:52 AM
  • GBP elicits support circa 1.3955 (Asia top) after dip on UK service PMI miss

  • 61.7 vs 63 f/c nZRN0029TK. 1.3980 was approximate six-day high pre-data

  • See: nL2N2O50EX. Pound underpinned by hawkish BoE risk nL2N2O50HY

  • Less negative vibe re: EU-UK relations is another positive for GBP

  • UK's Northern Ireland minister confident of protocol changes nS8N2LS0DC

  • GBP/USD resistance levels include 1.4000 and 1.4019 nL2N2O50A0

Source:
Refinitiv IFR Research/Market Commentary

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