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TDUX
Apr 21 - 08:55 AM

GBP/USD - Respects Monday Low Pre-US Data, Warsh Hearing

By Robert Howard  —  Apr 21 - 07:12 AM

• Cable elicited support pre-1.3482 after extending south from 1.3546

• 1.3482 was Monday's early London low (1.3475 was one-week low in Asia Monday)

• 1.3546 was knee-jerk high on sub-5% UK jobless rate surprise (at 0600 GMT)

• Robbins describes pressure from UK PM's office, deepening Mandelson row

• U.S. March retail sales data due at 1230 GMT; increase of 1.4% expected

• Fed chief nominee Warsh's Senate confirmation hearing starts at 1400 GMT

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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