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TDUX
Jun 26 - 07:55 AM

GBP/USD - Helped To Three-Day High By Lower Oil Prices

By Robert Howard  —  Jun 26 - 05:43 AM

• GBP/USD rises to 1.3226 as lower oil prices weigh on the safe-haven dollar

• 1.3226 is the highest level since Tuesday (1.3219 was Thursday high)

• Offers likely near 1.3250 (10DMA, 23.6% Fibo and June 22 high beyond)

• Cable was on 1.34 handle before Warsh-led Fed's hawkish hold last week

• Warsh taps two veteran Fed economists as advisers - WSJ

• Incoming UK PM Burnham is expected to give a speech on Monday

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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