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Jun 14 - 08:55 AM

GBP/USD - Drops Through 1.21 To Threaten May 2020 Low

By Rob Howard  —  Jun 14 - 07:25 AM
  • Cable threatens 1.2075 (May 2020 low) after falling further from 1.2210

  • 1.2210 was early London high, following mixed UK jobs data nL8N2Y11L9

  • Drop towards 1.2075 influenced by European stock losses nL8N2Y12ZI

  • GBP is risk-sensitive. Safe-haven USD buoyed by hawkish Fed expectations

  • 89% chance of 75 bps Fed rate hike Wednesday FEDWATCHnL1N2Y10GI

  • Sturgeon says nearly ready to outline plan for independence votenL8N2Y12T9

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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