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Mar 23 - 06:55 AM

GBP/USD - Threatens 1.38 After Half-Cent Fall To Two-Week Low

By Rob Howard  —  Mar 23 - 04:54 AM
  • Cable eyes 1.3801 (March 8 low) after half-cent drop from 1.3852

  • 1.3852 = early Ldn high after UK jobless rate unexpectedly fell nL1N2LL0E1

  • Gains for safe-haven USD influenced by negative news from France

  • French hospitals face 'violent shock' within weeks from COVID-19 surge

  • See: nL1N2LL0EA. 1.3779 (March 5 low) is a support point below 1.3800

  • 1.3823 (pre-UK data low) is now a resistance level (1.3819 was Monday's low)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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