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Oct 24 - 08:36 AM
GBP/USD - Hits The Pause Button, Just Like Brexit
First appeared on eFXplus on Oct 24 - 07:10 AM
  • Cable topped out at 1.2900 after rallying off its European am low of 1.2875

  • That low was plumbed following an early Europe rise to 1.2950 nL2N27905C

  • Offers just shy of 1.29 kept a lid on GBP/USD through Ldn session Wednesday

  • 1.2842 was Wednesday's intra-week low (1.2841 was last Friday's low)

  • EU mulls three-month Brexit delay, envoys meet on Friday nL5N27931J

  • 0.8601-0.8643 marks EUR/GBP range Thursday, pre-ECB/Draghi nL5N2792E6

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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