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Jul 06 - 03:55 AM

GBP/USD - Rises Through 1.25 Amid Asian Equity Gains

By Rob Howard  —  Jul 06 - 02:20 AM
  • Cable rises to 1.2504 as risk-sensitive GBP benefits from Asian equity gains

  • Nikkei closed +1.8% nL4N2ED0MN. 1.2470 was Asian session low nL1N2ED03L

  • Offers may emerge near 1.2530 (July 2 high) if GBP/USD extends north

  • 1.2530 = two pips shy of 50% of 1.2812 (June 10 top) to 1.2252 (June 29 low)

  • Friday's range was 1.2440-1.2495 (when U.S. markets were closed)

  • COVID-19 cases up in 39 US states nL1N2EC043. Sunak Wednesday nL8N2EC0U7

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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