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Apr 28 - 06:55 AM

GBP/USD - Respects Tuesday's Low Ahead Of Fed Event Risk

By Rob Howard  —  Apr 28 - 04:48 AM
  • Cable elicited support by 1.3860 after breaking below 1.3875 (Asia low)

  • 1.3860 was Tuesday's low (before rally to 1.3924). 1.3867 was Monday's low

  • Drop to threaten 1.3860 influenced by 10-year UST yield rise to 2-week high

  • See: nL1N2ML0M8. FOMC statement/Powell briefing in pipeline nL1N2MK0XO

  • British PM Johnson under pressure over apartment renovation nL8N2ML2FC

  • MS sees 15% chance of Scottish independence nL8N2ML2T6nL1N2MK0HC

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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