Intraday market moving news and views
Update Time: 24 May 2022 07:10GMT.
GBP/USD outlook - 1.2590
Cable's intra-day rally above last Thur's near 2- week high of 1.2524 to 1.2600 in Europe suggests recent up move from May's 1.2156 trough would head to 1.2610/15 after consolidation, reckon May's 1.2638 peak should cap upside and yield correction 'later'.
As 1.2548 has contained retreat, hold long for 1.2610/20. Only below 1.2524 risks 1.2490/00.
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