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May 28 - 04:55 AM

GBP/USD - Holds Above Wednesday's Top After Rising On Vlieghe

By Rob Howard  —  May 28 - 02:47 AM
  • Cable elicited support by 1.4175 after breaking below 1.4185 (Asia low)

  • 1.4175 was Wednesday's high (before drop to 10-day low of 1.4092)

  • 1.4220 was Thursday's high after 2022 BoE rate hike steer from Vlieghe

  • See: nL5N2NE40N. 1.4140 was Thursday's Ldn am high (pre-Vlieghe)

  • 1.4220 = 13 pips shy of last Friday's three-month high (1.4240 was Feb high)

  • Fed's preferred inflation gauge due 1230GMT, jump to 2.9% f/c nL2N2NE0O2

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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