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Mar 27 - 05:55 AM

GBP/USD - Maintains 1.26 Handle As Focus Turns To April

By Rob Howard  —  Mar 27 - 03:50 AM
  • Cable rises to 1.2632 intra-day high after eliciting support pre-1.2600

  • 1.2608 was two-day low in Asia. 1.2622-1.2668 was Tuesday's range

  • Tuesday's top was highest level since Friday's five-week low of 1.2576

  • 1.2676 was Friday's high - before BoE Governor's dovish guidance hurt GBP

  • Next BoE rate decision on May 9; markets see 18% chance of cut 0#BOEWATCH

  • Pound has gained 0.7% vs dollar in April on average over the last 50 years

Source:
Refinitiv IFR Research/Market Commentary

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