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Jul 21 - 11:55 AM

GBP/USD - Drops Through 1.19 As ECB's Lagarde Speaks

By Rob Howard  —  Jul 21 - 09:45 AM
  • Cable drops to new three-day low of 1.1891 as ECB President Lagarde speaks

  • See: nL1N2Z212I. 1.1992 was high following ECB's 50 bps hike nL1N2Z20BK

  • EUR/GBP has also fallen to 0.8540 vs 0.8585 two-week high after ECB hike

  • 1.1914-1.2004 was GBP/USD range ahead of the ECB hike (high before low)

  • Which British workers are heading for industrial action? nL8N2YF47V

Source:
Refinitiv IFR Research/Market Commentary

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