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Jun 15 - 07:55 AM

GBP/USD - Threatens 1.21 After Rally From Sub-1.20 Low

By Rob Howard  —  Jun 15 - 06:00 AM
  • Cable met headwind just shy of 1.21 after extending north from 1.1991

  • 1.21 is former support point turned resistance level (1.2109 = Monday's low)

  • 1.1991 was intra-day low just before news of unscheduled ECB meeting

  • See: nL1N2Y20F5nL1N2Y20BH. 1.1931 was Tuesday's 27-month low

  • Drop to 1.1931 was influenced by EU-UK conflict over N.Ireland protocol

  • EU says could take UK to ECJ within two months nS8N2X8064nL8N2Y11D5

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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