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USD Weakness Presses GBP/USD Toward Friday High

  • With JPY, USD pulling lower, most major pairs are pushing to the best levels of the session, with GBP/USD touching 1.2259 to align with the cash equity open.
  • The Friday high marks the next topside level 1.2292 but resistance seen firmer headed into 1.2344, the Mar23 high.
  • German IFO for March the sole notable release on the calendar Monday, which should keep focus on the busier speaker slate: de Cos of the ECB set to speak in 20 minutes, with BoE's Bailey later today at 1800BST.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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