Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
- GBP/USD recovery off Friday's low of $1.3636 extended to $1.3723 into Monday's Europe open before momentum faded.
- A paring back of risk, pressure on EUR/USD(Italy politics, vaccine roll out), and suggestion of US corporate month-end USD demand were cited for fuelling the pullback.
- Rate managed to edge back to $1.3682 in post 1600GMT trade, closing the day at $1.3675.
- Rate posted a high of $1.3680 in opening Asian trade before rate eased off to $1.3660. Recovery to $1.3677 in early Tokyo before risk was again bruised, this time by equity market reaction to China PBOC advisor comments. Rate again met support at $1.3660 before it eventually gave way, pressing down to $1.3641 into Europe.
- EUR/GBP holds back round its key 10-dma, currently at Gbp0.8885.
- Early focus on UK Employment data at 0700GMT. CBI Retail Sales data due at 1100GMT.
- Support $1.3636/33/24(Jan22 low/50% $1.3520-1.3746/Jan20 low), a break to expose $1.3606(61.8%) ahead of $1.3576/73(Jan19 low/76.4%). Resistance $1.3680, $1.3700, $1.3725/35.
- MNI Techs: GBPUSD is off recent highs but remains in a clear uptrend. Last week the pair traded to a high of 1.3746, maintaining the bullish price sequence of higher highs and higher lows. Attention is on 1.3773 next, the May 1 2018 high. Near-term firm support has been defined at 1.3520, Jan 18 low. A breach would signal scope for a deeper short-term sell-off and expose a key support at 1.3452, Jan 11 low. Initial support is at 1.3611, the 20-day EMA.