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1 May 2013
Forex Flash: GBP/USD close above 1.5600 would suggest potential toward 1.5800 - BBH
FXstreet.com (Córdoba) - Sterling neared 1.5600, notes the BBH team. "A close above there, which we think is unlikely today, would suggest potential toward $1.58", they comment.
Meanwhile, "the euro also appeared to have been lifted by the UK news, though most of the continental markets are closed and turnover is considerably lighter than usual", BBH says. However, according to them, participants may be reluctant to push aggressively through 1.3200 ahead of tomorrow's ECB meeting, though the thinner conditions do allow for some penetration.
Meanwhile, "the euro also appeared to have been lifted by the UK news, though most of the continental markets are closed and turnover is considerably lighter than usual", BBH says. However, according to them, participants may be reluctant to push aggressively through 1.3200 ahead of tomorrow's ECB meeting, though the thinner conditions do allow for some penetration.