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Mar 30 - 07:55 PM

GBP/USD - Opens At A Near 2-Month High On Rate Expectations

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

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