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Apr 08 - 11:55 AM

GBP/USD - Trades Below 1.30 For First Time In 18 Months

By Rob Howard  —  Apr 08 - 09:45 AM
  • Cable hits 1.2991 after dropping through 1.3000 (last month's low)

  • 1.2991 is lowest level since Nov 2020 (1.2854 was the low that month)

  • USD continues to benefit from aggressive Fed rate expectations nL2N2W60EZ

  • BoE is expected to be much less aggressive than Fed re: rate rises into 2023

  • 1.3043 (former support point) is now a GBP/USD resistance level

  • UK's Sunak hits out at 'smears' over wife's tax status nL2N2W60A1

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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