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Apr 21 - 03:55 AM

GBP/USD - Within Strike Of 1.3050 After Lift On Profit-Taking

By Rob Howard  —  Apr 21 - 02:40 AM
  • Cable holds close to 1.3050 following Wednesday's half-cent+ rise

  • Rise aided by profit-takes on USD longs as UST yields fell from 3-yr highs

  • See: nL2N2WI1W1. Lower UST yields accompanied "peak inflation" conjecture

  • There is a large 1.3050 option expiry for the 10am ET NY cut nL3N2WI2V9

  • 1.3080 (Good Friday high) and 1.3100 are GBP/USD resistance levels

  • BoE MPC's Mann speaks at 1300 GMT; Bailey speaks at 1630 GMT nL2N2WI0Y6

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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