Free Trial

Sterling Outperforms

GBP

GBP the outperformer among G10 FX in early Asia-Pac dealing, with sterling continuing to benefit from the local COVID vaccination theme, as well as its high beta status as the USD comes under fresh pressure.

  • Cable last printing at ~$1.3945, allowing bulls to look the April 26 '18 high at $1.3998.
  • EUR/GBP prints lower lows, last dealing at GBP0.8710. Bears look for a clean break below the May 11 '20 low at GBP0.8711, which would allow them to focus on the May 5 '20 low at GBP0.8691.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.