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Oct 27 - 03:55 PM

GBP/USD - Rises On US Election, COVID Uncertainty; Nascent Brexit Optimism

By Paul Spirgel  —  Oct 27 - 01:35 PM
  • GBP/USD firm into NY close +0.38% at 1.3070; NorAm range 1.3079-1.3025

  • USD slips on US elex, COVID angst; GBP bulls eye Brexit deal nL8N2HI2WD

  • Sterling finds support in Brexit, US election vigil nL1N2HI1LD

  • GBP rallies away from cloud twist sub-1.3000, eyes upper 30d Bolli by 1.3142

  • Break abv Oct 21's 1.3177 high targets a series of highs to Sep 1's 1.3481

  • EUR/GBP -0.2% at 0.9053, on rising EU COVID angst; IMM spec longs reducing pre-US elex

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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