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May 21 - 08:55 AM

GBP/USD - Rises To Three-Month Top By 1.4240 On UK Data Beats

By Rob Howard  —  May 21 - 06:35 AM
  • Cable hits 1.4233 as GBP continues to benefit from big UK data beats

  • Apr retail sales +9.2% MM vs +4.5% f/c. May mfg PMI 66.1 vs 60.5 f/c

  • See: nL2N2N80FYnL2N2N80KA. 1.4233 is highest level since Feb 24

  • Feb 24 high was 1.4240 -- highest level since Apr 2018 nL2N2N80ND

  • 1.4200 (Wednesday's high) is now a support point (1.4192 = Thursday's high)

  • BUZZ-Bulls hope to see GBP/USD at 1.45, if not 1.50 nL2N2N80QG

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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