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Aug 20 - 11:55 AM

GBP/USD Drops Through 1.31 As EUR/USD Falls To Intra-Week Low

By Rob Howard  —  Aug 20 - 09:35 AM
  • GBP/USD hits 1.3080 after sliding from an early NY intra-day high of 1.3149

  • EUR/USD simultaneously falls to an intra-week low just shy of 1.1800

  • 1.3065 (intra-week low), 1.3050 and 1.3000 are cable support levels

  • 1.3065 was plumbed in early Ldn trade, after two cent fall in 24 hours

  • See: nL1N2FM0CG. 1.3048 was last Friday's low. 1.3006 was last week's low

  • 1.3100/10 option expiries roll off at today's 10am ET NY cut nL1N2FM0QV

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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