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Nov 26 - 12:12 PM
GBP/USD - Eyes Monday's Low After UK Poll-Spurred Drop
First appeared on eFXplus on Nov 26 - 09:55 AM
  • Cable threatens 1.2841 (Monday's low) after extending south from 1.2898

  • 1.2898 was early Europe high, before second poll showed Tory lead narrowing

  • Kantar said Tory lead over Labour is 11 points vs 18 last week nL8N2854JE

  • ICM poll on Monday said Tory lead down from 10 to 7 points nL8N2854JE

  • Bids expected near 1.2822 (Friday's low) if GBP/USD continues lower

  • 1.2822 is the lowest level since Nov 13 (1.2822 was also the low that day)

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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