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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Source:
Refinitiv IFR Research/Market Commentary