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Oct 01 - 03:55 AM

GBP/USD - Matches Wednesday's High Amid U.S. Stimulus Hopes

By Rob Howard  —  Oct 01 - 02:15 AM
  • Cable tests 1.2945 as USD eases on hopes for compromise on U.S. stimulus

  • White House stimulus offer goes over $1.5 trillion nL1N2GS04H

  • 1.2945 was Wednesday's high after quarter-end buying of GBP nL8N2GR5WZ

  • Wednesday also saw G4S reject 190p/share cash offer from Canada's GardaWorld

  • See: nL4N2GR38Y. 1.2965 and 1.30 are resistance levels beyond 1.2945

  • 1.2965 was last week's high (Sept 21). 1.2900 is now a support point

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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