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Thomson Reuters
May 09 - 05:00 AM
GBP/USD - Lower On King USD, M&A News And Awful BRC Data
First appeared on eFXplus on May 09 - 03:15 AM
  • Cable down to 1.3499 since the European open as USD remains currency king
  • M&A news and awful BRC retail sales data helping weigh on GBP
  • Vodafone agrees EUR 18.4bln deal to buy some Liberty assets nL8N1SG1YF
  • BRC Apr like-for-like retail sales -4.2% YY vs -0.8% YY f/c nL9N1QI01I
  • GBP/USD support levels 1.3485/87 (recent 4mth lows) and 1.3458 (Jan low)
  • Rally from Tuesday's 1.3485 low topped out at 1.3560. Asia high was 1.3558

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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