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Oct 23 - 04:55 AM

GBP/USD - Eases To Two-Day Low Despite UK Retail Sales Beat

By Rob Howard  —  Oct 23 - 02:35 AM
  • Cable eases to 1.3051 despite UK retail sales beat, +4.7% YY vs +3.7% f/c

  • See: nAPN36T600. 1.3051 = two-day low (1.3056 was Asian session low)

  • 1.3030 (Oct 15 high) and 1.3000 are support points below 1.3050

  • 1.3177 was Wednesday's six-week high, on news EU-UK trade talks to resume

  • EU-UK trade talks resumed Thursday nL8N2HD6ZF. UK-Japan trade deal signed

  • See: nL4N2HE0ZO. UK Sept flash PMIs 0830GMT; service f/c 54, mfg f/c 53.1

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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