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Mar 25 - 08:55 AM

GBP/USD - Rallies Half-A-Cent From Seven-Week Low

By Rob Howard  —  Mar 25 - 06:48 AM
  • Cable eyes 1.3733 (Wednesday's NY/Ldn high) after rallying off 1.3671

  • 1.3671 was seven-week low in early London trade nL1N2LN0GH

  • Rally from 1.3671 aided by profit-take flow (1.4001 was last week's high)

  • Big option expiries exert magnetism over EUR/GBP nL1N2LN0LZ

  • 1.3752 (Tuesday's Ldn am low) is a GBP/USD resistance level beyond 1.3733

  • EU sharpens COVID-19 vaccine export rules: UK may be impacted nL8N2LM49I

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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