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Apr 21 - 08:55 AM

GBP/USD - Rises Towards 1.31 Before BoE MPC's Mann Speaks

By Rob Howard  —  Apr 21 - 06:45 AM
  • Cable hits 1.3090 after rallying off 1.3049 (London morning low)

  • 1.3090 is highest level since April 14 (1.3147 was the high that day)

  • Recent GBP/USD gains aided by profit-taking on long dollar positions

  • IMM speculators recently upped net GBP short to 16-week high nL2N2WH0A1

  • BoE MPC member Mann is scheduled to speak at 1300 GMT nL2N2WI0Y6

  • Pound fell to 10-day low vs euro during the European morning nL2N2WJ0IM

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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