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Apr 19 - 11:55 AM

GBP/USD - Longs To Struggle Unless 1.25 Breaks

By Justin Mcqueen  —  Apr 19 - 09:40 AM
  • Despite Sterling's modest reprieve, 1.25 remains a stumbling block

  • That said, a fleeting move below 1.24 is somewhat encouraging

  • Skittish price action to be expected given Israel-Iran tensions

  • Thus, ebb and flow of risk sentiment should dictate GBP/USD

  • Unwind of initial equity weakness, underpinning for now

  • BoE's Ramsden (hawkish) due to speak at 1515BST

  • Although, cautious stance is likely given sticky wage growth/services CPI

  • COMMENT-Beware hike talk from Fed's Williams nL2N3GR1S8

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Refinitiv IFR Research/Market Commentary


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