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Thomson Reuters
May 16 - 12:12 PM
GBP/USD - Hits New 3-Month Low As Clock Ticks Towards May Exit
First appeared on eFXplus on May 16 - 10:25 AM
  • Cable hits 1.2788 as UK political concerns continue to weigh on GBP
  • May to discuss leadership election timetable after June vote on Brexit deal
  • See: nL9N22700Y. 1.2788 = fresh three-month low (15 pips above Feb low)
  • Brexit campaigner Boris Johnson to stand as next Tory leader nL5N22S57W
  • Johnson is the bookies favourite to succeed May nL5N22S58W
  • 1.2827 (Wednesday's low) is now a cable resistance level. 1.2852 = Asia high

GBPUSD: Click here

Thomson Reuters IFR Research/Market Commentary


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