Intra-Day News and Views & data to be released today - GBP/USD
|Intra-Day Market Moving News and Views
Update Time: 12 Apr 2019 03:00GMT
GBP/USD - 1.3065.. Cable was in the back foot in choppy trading in Thursday's session as market was not impressed by EU's Brexit extension, despite intra-day sideways wings in European morning, the pound was sold n edged steadily lower to session lows of 1.3051 b4 staging a recovery in Asian morning due to intra-day jump in the euro.
Looks like price would continue to 'gyrate' inside this week's 1.2987-1.3122 range for res of the day n selling on intra-day recovery (due to rise in eur/usd) is still favoured as UK parliament has begun its Easter break, this hopefully means less Brexit headlines, less choppy moves and traders may recover from their 'Brexit fatigue' and begin to sell the pound on intra-day rebound.
Offers are tipped at 1.3090/00 with stops reported above 1.3125/30.
Bids are noted at 1.3055-50 with stops touted below 1.3030 and more below 1.3000.
Last but not least, BOE Gov. Carney will at IMF forum but as the topic is on managing capital flows, market is expected to ignore what he has to say.
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