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Nov 03 - 04:55 AM

GBP/USD - Supported By Positive Equity Futures Pre-U.S. Vote

By Rob Howard  —  Nov 03 - 02:35 AM
  • Cable ticks up to threaten 1.2941/42 (Monday's highs) in early London trade

  • Risk-sensitive GBP benefits from positive European and U.S. equity futures

  • See: nL8N2HP1K0. Monday's highs were posted either side of drop to 1.2854

  • 1.2854 = lowest level since October 7, courtesy of England lockdown news

  • See: nL1N2HO0U9. 1.2964 and 1.30 are resistance levels beyond 1.2942

  • Cable will gyrate to US election results Wednesday nL1N2HO0SCnL1N2HL21Q

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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