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TDUX
Apr 23 - 05:55 PM

GBP/USD - Testing Support Sub-1.35 As Mideast Headline Risk Remains Key Focus

By Refinitiv  —  Apr 23 - 02:13 PM

• GBP$ dips in NY afternoon trade, -0.2% at 1.3473; NorAm range 1.3518-1.3448

• Reports of Iranian air defenses activated lift oil, stirs USD haven bid

• GBP$ melts lower as risk broadly lower; UST yields higher, equities sliding

• Mideast in state of flux; no news of negotiations, oil flow thru strait diminished

• Next week's Fed, BoE meetings are likely to yield no rate changes; focus on Mideast

• GBP$ supt at bruised 100-DMA at 1.3460, 1.3448 Thurs low, 1.3415 flat 200-DMA

• Res 1.3500 psychological lcl, 1.3518 Thursday high, 1.3544 daily cloud top



GBP Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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