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Jul 29 - 05:55 AM

GBP/USD - Rises To Fresh Five-Week Peak Amid Equity Gains

By Rob Howard  —  Jul 29 - 03:39 AM
  • Cable climbs to 1.3951 as global equity gains lift the risk-sensitive pound

  • 1.3951 = one-month peak. European stocks hit record high nL4N2P51HR

  • China equity gains fuelled earlier rise to 1.3940 nL1N2P50D7nL4N2P50KQ

  • 1.3768 was Tuesday's low, when China and HK stocks plunged nL1N2P30J7

  • Drop to 1.3768 preceded Tuesday's fix-related buying of GBP nL1N2P31L3

  • 1.3845 was Wednesday's low (before and just after Fed's policy statement)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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