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Thomson Reuters
May 08 - 12:12 PM
GBP/USD - Remains Beholden To The Brexit Vibe
First appeared on eFXplus on May 08 - 10:00 AM
  • Bids by 1.3000 have propped cable since it fell on Peston's Brexit talks tip
  • See: . 1.3000 approximates to the 100-day moving average
  • More bids expected near 1.2988 and 1.2960 (200DMA) if GBP/USD breaks 1.3000
  • 1.2988 was Friday's low--before Brexit deal hope helped inflate the pound
  • Labour to decide in next few days whether UK govt willing to move on Brexit
  • See: nS8N21E00J. Silver lining for GBP if Brexit talks fail?

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