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Thomson Reuters
May 16 - 06:12 AM
GBP/USD - Mooted Cable Stops Under 2018 Low Vulnerable To USD Vibe
First appeared on eFXplus on May 16 - 04:40 AM
  • Mooted GBP/USD stops below 1.3450 vulnerable if greenback catches fresh bid
  • Bids pre-1.3450 (option barrier level) based cable losses Tuesday and May 10
  • Tuesday drop to 1.3452 (2018 low) fuelled by higher UST yields
  • Recovery rally from 1.3452 topped out circa 1.3524 (Tuesday's Ldn am low)
  • 1.3481-1.3520 = Wednesday range-to-date. 1.3460 was May 10 low after BoE
  • Broadbent: BoE will not 'spoon feed' markets on rate guidance

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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