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Nov 29 - 06:12 AM
GBP/USD Tories Sitting Pretty But Sterling Vulnerable
First appeared on eFXplus on Nov 29 - 04:15 AM
  • YouGov poll healthy majority losing its impact: GBP losing traction

  • Heightened expectations of Boris win but possibly over factored this wk

  • GBP/USD lacks the punch to take out the Oct 1.3012 high

  • Alarm bells ringing on monthly chart as indecision follows Oct rally

  • Dollar demand into month end but possibly slowed by U.S. holiday fall-out

  • Could see mid-1.28s where some might see value




GBP/USD Daily Candle Chart: Click here

GBP/USD Monthky Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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