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Jun 09 - 09:55 PM

GBP/USD - Consolidates Ahead Of US-China Trade Talk News

By James Connell  —  Jun 09 - 08:49 PM

• GBP/USD -0.4% from 1.3616 39-month high as CN-U.S. talk on trade in London

• UK finance minister Reeves also meeting CN vice premier He Lifeng this week

• U.S. civil unrest, debt & tariff concerns continue to undermine USD

• UK turning corner with improving economic conditions whilst U.S. woe mounts

• Solid GBP uptrend in place, buying dip towards 1.3500 an attractive option

• Range early Asia 1.35495-63, support 1.3500 1.3415, resistance 1.3750
GBP Weekly Uptrend Channel


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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