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Apr 18 - 03:55 AM

GBP/USD - 1.25 On Horizon After Rise From Bailey-Spurred Low

By Rob Howard  —  Apr 18 - 02:55 AM
  • Cable hits 1.2484 (three-day high) after extending north from 1.2425

  • 1.2425 was Wednesday's NY session low following guidance from BoE's Bailey

  • Bailey said latest UK inflation fall matched BoE expectations nL2N3GQ0PY

  • 1.2482 was Wednesday's high, after higher than forecast UK inflation data

  • Offers expected pre-1.25 (former support level). 1.2498 was Monday's high

  • US nods to 'serious' Japan, S.Korea concerns over slumping currencies

Source:
Refinitiv IFR Research/Market Commentary

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