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Sep 08 - 11:55 AM

GBP/USD - Hits Four-Week Low As Brexit Turmoil Continues

By Rob Howard  —  Sep 08 - 09:40 AM
  • Cable hits 1.3018 as Brexit turmoil continues to weigh on the pound

  • UK says it may break international law in a "limited way" nL8N2G50O0

  • 1.3018 is the lowest level since Aug 12 (1.3006 was the low that day)

  • 1.3021 was Ldn am low after UK government's legal department head quit

  • See: nL1N2G50A7. Recovery rally from Ldn am low topped out at 1.3069

  • Resistance levels beyond 1.3069 include 1.3100 and 1.3139 (Monday's low)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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