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Oct 27 - 09:48 PM
GBP/USD - December Election In The Wings, As GBP Treads Water
First appeared on eFXplus on Oct 27 - 06:55 PM
  • Flat, after closing off 0.15% on Friday, no decisive weekend news

  • EU hopes to pass Brexit delay to Jan. 31 - earlier possible nL8N27C0XX

  • UK gov't steps up pressure on parliament over election vote nL8N27C0E2

  • Conservatives strong favourites going into upcoming election nL8N27B0GI

  • Bounce stalled at 1.3000, consolidation since leaves a neutral setup

  • Key levels are 1.3010 October high and 1.2700, 38.2% of the October bounce

  • Friday's 1.2805/1.2863 range is initial support/resistance

gbp oct 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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