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Oct 26 - 03:55 PM

GBP/USD's Late London Low Sub-1.30 Pared As Brexit Talks Plod On

By Paul Spirgel  —  Oct 26 - 01:40 PM
  • GBP/USD ending NorAm -0.1% at 1.3025, NY range 1.3067-1.2995

  • Early NorAm gains reversed owing to COVID virus, aid & Brexit angst

  • Sterling losing luster as COVID, Brexit move back into focus nL1N2HH178

  • Daily cloud base 1.3011 probed, holds ahead of Oct 27 twist by 1.2881/85

  • Below the cloud 21/30/100-DMA supports 1.2962/1.2924/1.2862

  • Sub-100-DMA puts 100-DMA/lower 21-d Bolli by 1.2720/10 in focus

  • EUR/GBP -0.19% at 0.9076 as negotiators continue to talk nL8N2HH2L1

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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