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