Sterling Commentary for 20-Apr-10

Sterling Commentary
Tables & Charts

The British pound depreciated vis-à-vis the U.S. dollar today as cable tested bids around the US$ 1.5190 level and was capped around the $1.5340 level. Data to be released in the U.K. tomorrow include March consumer price inflation. Prime Minister Brown and Tory leader Cameron debated last week ahead of the 6 May general election. Many political pundits believe the contest will result in a hung Parliament and some now say the general election is too close to call with Cameron perhaps still holding a slight lead over Brown. Data released in the U.K. last week saw March Nationwide consumer confidence print at 72, down from a revised +81. Cable bids are cited around the US$ 1.5140 level. The euro moved higher vis-à-vis the British pound as the single currency tested offers around the £0.8840 level and was supported around the £0.8785 level.

SUPPORT   RESISTANCE

 
L1.       1.4855 1.5620 
L2.       1.4720 1.5880 
L3.       1.4585 1.6215
Sterling Focus
 
Day's Change 52-Week High 52-Week Low

Instrument

Current

 Points % Date Value Date Value
Exchange Rates

20-Apr-10
EUR/GBP Fwd-1 Yr This marker indicates the current chart. 6.0000 0.0000 0.00% 29-Jan-10 281.0000 -  - 
GBP/AUD This marker indicates the current chart. 1.6533 0.0015 0.09% 9-Jul-09 2.0830 29-Mar-10 1.6319
GBP/CAD This marker indicates the current chart. 1.5568 0.0041 0.26% 29-Jun-09 1.9218 25-Mar-10 1.5195
GBP/CHF This marker indicates the current chart. 1.6322 0.0030 0.18% 7-Aug-09 1.8035 26-Mar-10 1.5862
GBP/EUR This marker indicates the current chart. 1.1392 0.0019 0.17% 16-Jun-09 1.1840 12-Oct-09 1.0693
GBP/JPY This marker indicates the current chart. 142.7700 0.8700 0.61% 7-Aug-09 162.7200 1-Mar-10 133.3200
GBP/USD Fwd-1 Yr This marker indicates the current chart. -28.8000 0.0000 0.00% 18-Sep-09 3.4000 24-Nov-09 -66.5000
USD/GBP This marker indicates the current chart. 0.6498 -0.0028 -0.43% 22-Apr-09 0.6903 5-Aug-09 0.5889
 
Interest Rates

20-Apr-10
USD 3M LIBOR This marker indicates the current chart. 0.3100% 0.0050% 1.61% 20-Apr-09 1.1010% 3-Feb-10 0.2490%
 
Indices

20-Apr-10
NASDAQ This marker indicates the current chart. 2,480.11 0.00 0.00% 15-Apr-10 2,515.69 20-Apr-09 1,608.21
 

source: DTN Market Access

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