Intra-Day Market Moving News and Views
01 Apr 2015 02:39GMT
GBP/USD - ..... Cable rebounded in tandem with the euro in Asia on Wednesday and rose from 1.4816/17 (Aust.) to 1.4867 before easing.
At the moment, stops located just above yesterday's 1.4872 high are now in focus.
However, more selling interest from various accounts is placed at 1.4890-00 with mixture of offers and stops located at 1.4920-30 and around 1.4940.
On the downside, bids are placed at 1.4840-30 and then 1.4815/10 with stops emerging below 1.4800.
Pay attention to U.K. manufacturing PMI at 08:30GMT.
Street forecast is for a slight gain to 54.4 in Mar compare to previous reading at 54.1.
If actual reading comes in better than forecast, cable may ratchet higher, just like yesterday's upward revision to 2014 Q4 U.K. GDP.
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