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Derived real-time data in partnership with:
Thomson Reuters
Sep 27 - 07:24 AM
GBP/USD - Not So High In The Sky As M&A Flow Ends
First appeared on eFXplus on Sep 27 - 05:10 AM
  • Cable elicited support at 1.3109 after extending south from 1.3218
  • 1.3109 = 61.8 pct of 1.3041 (pre-weekend low) to 1.3218 (post-Fed high)
  • Friday's low was plumbed before the Comcast/Sky M&A news Saturday
  • M&A flow was positive for GBP earlier this week
  • Comcast to stop buying Sky shares in the market nL8N1WD1PW
  • 1.3138 (Wednesday's low) is now a GBP/USD resistance level

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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