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Derived real-time data in partnership with:
Thomson Reuters
May 15 - 09:48 PM
GBP/USD - Resilient As June Brexit Hurdle Comes Into View
First appeared on eFXplus on May 15 - 08:05 PM
  • -0.1% early - closed -0.3% - broad USD strength - resilient - EUR/GBP -0.4%
  • UK Govt to publish detailed Brexit policy document in June nL5N1SM8WA
  • This is next significant Brexit hurdle and it's hard to be optimistic
  • Trend stalled above 1.3462, 38.2% 2017/18 climb a base last week
  • Fall leaves neutral momentum studies, 5, 10 & 20 DMAs head south
  • Negative setup, but bears need a close below 1.3460 soon to get excited

gb may 16 Click here

Source:
Thomson Reuters IFR Markets

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