GBP / USD – Retreats After Testing Monday’s 10-Week High

Cable tested 1.4158 at 1307GMT after chewing through offers above 1.4150

See:.  1.4116 = subsequent low.  1.4158 was Monday’s 10-week high

Bids may emerge near 1.4100 if pullback extends (1.4105 was Ldn am low)

1.4182 (Feb 25 high) and 1.42 are resistance levels beyond 1.4158

PM Johnson promises to ‘level up’ UK with post-  pandemic plans

BoE Governor Bailey is due to speak at 1430GMT (about Libor)

Source: https://plus.efxdata.com/news/insights

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