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Thomson Reuters
Apr 30 - 08:36 AM
GBP/USD - Threatens 1.30 On Month-End Flows, Brexit Hope
First appeared on eFXplus on Apr 30 - 06:45 AM
  • Cable rise to eye 1.30 fuelled by month-end flows nL1N22C067
  • GBP/USD last traded at 1.30 a week ago (Apr 23, 1.3019 was high that day)
  • Whiff of optimism from Tory/Labour Brexit talks is also GBP-positive
  • Cable break above 1.3000 could prompt further short-covering
  • 1.3052 (Apr 18 high) is a resistance level beyond 1.3019
  • BoE MPA and quarterly Inflation Report Thursday nL5N2286VR nL1N225051

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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