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GBP Holds Firm Post Data

GBP
MNI (London)
  • UK data release at 0700GMT causes no negative surprises, the releases taken well by GBP and continues to hold a buoyant tone.
  • GBP/USD trades around $1.3672, off its pre data low of $1.3658, with Thursday's freshly printed YTD high of $1.3710 still in view.
  • EUR/GBP continues to hug the base of its 1.0% 10-dma envelope, currently coming through at Gbp0.8884, with the Nov11 low of Gbp0.8861 also in view.
  • GBP/USD resistance seen at $1.3700/10, a break to open a move toward $1.3750 ahead of $1.3773(May012018 high) .
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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