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May 09 - 08:55 AM

GBP/USD - Rises From 3-Week Low; US-UK Trade Deal In Focus

By Robert Howard  —  May 09 - 07:01 AM

• Cable hits 1.3278 after extending north from 1.3213 (three-week low in Asia)

• 1.3278 = intra-day high. Resistance levels include 1.3300 and 1.3345

• 1.3345 was Ldn/NY session high Thursday, after BoE's relatively hawkish cut

• UK-U.S. trade deal 'good news' but tariffs still higher, BoE Governor says

• The art of the possible: Britain settles for quick win in U.S. trade deal

• GBP bulls hope BoE keeps hogging middle lane when it comes to rate cuts

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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