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Jun 20 - 08:55 AM

GBP/USD - Eyes 1.35 After Rise From Weak UK Data-Spurred Low

By Robert Howard  —  Jun 20 - 07:08 AM

• Cable eyes 1.3500 (3-day peak in Asia) after extending north from 1.3463

• 1.3463 was Ldn am low, after pound fell on gloomy UK retail sales data

• Asia peak was scaled after safe-haven USD weakened on Trump's Iran hedge

• White House: Trump to decide on US action in Israel-Iran war within 2 weeks

• 1.3383 was Thursday's one-month low as dollar rose on weekend action risk

• Resistance levels beyond 1.3500 include 1.3518 (June 13 low) and 1.3536

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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