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Nov 04 - 07:55 AM

GBP/USD - Rises From Intra-Day Low As Biden Win Odds Shift

By Rob Howard  —  Nov 04 - 06:15 AM
  • Cable hits 1.3007 after extending north from 1.2915 (intra-day low)

  • Ascent to 1.3007 influenced by bookies upping probability of Biden win

  • See: nL8N2HQ3GDnL1N2HQ0NZ. Votes are still being counted nL1N2HQ0VQ

  • 1.3020 (rally high from 1.2934 Asia low) is a GBP/USD resistance level

  • 1.3140 was high at 0013GMT before USD snapped higher as blue wave priced out

  • Democrats falling short in bid for control of Senate nL1N2HP1ZQ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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