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Jul 08 - 04:55 AM

GBP/USD - Retreats To 1.20 After Scaling Three-Day Peak

By Rob Howard  —  Jul 08 - 02:45 AM
  • 1.1997 is the low water-mark for cable since it reached 1.2055 in Asia

  • Asian session high was posted before Abe shooting news impacted FX rates

  • See: nL1N2YP04HnL1N2YP07E. 1.2055 was highest level since Tuesday

  • 1.1934 was Thursday's early London low, before Johnson exit news lifted GBP

  • See: nL8N2YO1BHnL8N2YN35P. 1.1877 was Wednesday's 28-month low

  • U.S. June jobs report due at 1230 GMT; NFP f/c 268k. U.S. CPI data next week

Source:
Refinitiv IFR Research/Market Commentary

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