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TDUX
Jun 04 - 01:55 AM

GBP/USD - Steadies As Iran Deal Hopes Revive

By Krishna Kumar  —  Jun 03 - 11:46 PM

• GBP/USD unchanged in Asia after closing 0.35% lower on Wednesday

• Consolidation likely; on-again, off-again Iran peace talks tire investors

• Israel, Lebanon agree to implement ceasefire boosting Iran deal hopes

• WTI crude down 1.25%, U.S. 10-year yield -1 bp Thursday, support GBP

• Focus shifts to U.S. jobs data Fri as Fed rate hike expectations rise

• BoE's Bailey speaks; last week said no need to act quickly on inflation jump

• 1.3350-1.3500 range trading to continue; support 1.3400-05, 1.3370-75

• Resistance 1.3460-70, 1.3500; Wed range 1.3412-1.3470, Asia 1.34135-1.3431
GBP:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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