By Justin McQueen — Apr 17 - 12:43 PM
• GBP +0.1%, holds narrow range, respects support at 1.32
• Lack of dollar appeal keeps GBP/USD on the frontfoot
• Price action subdued ahead of Easter holidays
• Resistance: 1.3292 (YTD high), close above would open up 1.3434 (2024 high)
• EUR/GBP pullback resumes, attempts retest of 200-week MA (0.8545)
• Looking ahead - UK flash PMIs, BoE's Huw, Lombardelli due next week
gbpusd hourly chart
(Justin McQueen is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters