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Sep 25 - 04:55 AM

GBP/USD - Eyes Double-Day High After Vaulting Asian Peak

By Rob Howard  —  Sep 25 - 02:55 AM
  • Cable eyes 1.2776/80 after vaulting the peak of its 1.2731-1.2758 Asia range

  • 1.2776 was Wednesday's high (and Monday's low). 1.2780 was Thursday's high

  • Thursday's peak was scaled before UK's new job protection plan was unveiled

  • See: nL5N2GL2PW. 1.2708-1.2778 was range after the scheme was launched

  • UK public borrowing surges to fresh record high in August nL5N2GM0U1

  • Bailey seeks answers on suitability of negative rates in UK nL9N2ER04Q

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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