By Rob Howard — May 27 - 03:05 AM
Cable holds above 1.2600 (ex-resistance level) after retreating from 1.2666
1.2666 = one-month high in Asia nL2N2XJ04T. 1.2600 was Monday's high
Support points below 1.2600 include 1.2550 (1.2551 was Thursday's low)
1.2553 was low after 25% UK windfall tax/support package news nL5N2XI0ZO
Sunak: Support package will have minimal impact on inflation nL5N2XJ0TO
Fed's preferred inflation gauge due at 1230 GMT; 4.9% YY f/c nL2N2XI0ED
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Source:
Refinitiv IFR Research/Market Commentary