By Krishna K — Mar 30 - 05:35 PM
GBP/USD opens 0.6% higher, set for biggest monthly gain vs dollar since Nov
Boosted by expectations of BoE-Fed policy divergence on sticky UK inflation
Supported by easing banking sector concerns which drive flows away from USD
Yield gap between 10-yr gilts & 10-yr UST set to rise for 1st mth since Sept
Focus turns to UK Q4 GDP, U.S. personal consumption expenditures data Friday
Thu range 1.2298-1.2393; support 1.2350-60, resistance 1.2400-10. 1.2435-45
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary