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Mar 03 - 06:55 AM

GBP/USD - Rises To Intra-Week High Before UK Budget Speech

By Rob Howard  —  Mar 03 - 04:59 AM
  • Cable hits 1.4006 after extending north from 1.3939 (0629GMT intra-day low)

  • 1.4006 approximates to 38.2% Fibo of 1.4240-1.3860 and the 10DMA

  • Rise from 1.3939 precedes Sunak's UK budget speech from 1230GMT nL2N2L10DX

  • 1.4021 (last Friday's high) and 1.4050 are resistance levels beyond 1.4006

  • Under pressure, Scotland's Sturgeon defends handling of predecessor's case

  • See: nL5N2L12N0. Scottish election in May might impact GBP nL2N2L00OF

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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