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Oct 16 - 05:55 AM

GBP/USD - Reclaims 1.29 Handle As Raab Talks Brexit Pre-UK PM

By Rob Howard  —  Oct 16 - 03:50 AM
  • Cable rises to 1.2924 after UK's Raab says an EU-UK trade deal can be done

  • See: nS8N2GJ04SnL9N2C802G. 1.2924 = intra-day high

  • 1.2924 = 40 pips above early Ldn two-day low (1.2887-1.2908 was Asia range)

  • GBP will also react to pipeline Brexit comments from PM Johnson nL8N2H70XK

  • 1.2938 (Thursday's European am low) and 1.2959 are GBP/USD resistance levels

  • Support points include 1.2865 (Wednesday's low) and 1.2845 (last week's low)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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