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Jul 08 - 08:55 AM

GBP/USD - Up To Eye Ldn Am High As Sunak Sets Out UK Plan

By Rob Howard  —  Jul 08 - 08:05 AM
  • Cable ascends to threaten 1.2568 as Finance Minister Sunak sets out UK plan

  • See: nL8N2EF2F8nL8N2EF33L. 1.2568 = Ldn am high (before drop to 1.2509)

  • Offers may emerge ahead of 1.26 if GBP/USD extends north

  • 1.2593 was Tuesday's 3-week high; five pips shy of Fibo resistance level

  • See: nL1N2EF08K. Ascent to 1.2593 was fuelled by EU-UK compromise hope

  • EU assessing divergence in London's financial market access nL8N2EF1X3

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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