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Jul 30 - 05:00 AM
GBP/USD - Close To March 2017 Low On No-Deal Brexit Fears
First appeared on eFXplus on Jul 30 - 02:55 AM
  • GBP continues to suffer on higher risk of a Halloween no-deal Brexit
  • See: nL8N24U1N3. Cable fell to a fresh 28-month low of 1.2120 in Asia
  • 1.2120 = 10 pips shy of March 2017 low. 1.2213 was Monday's low
  • GBP/USD bear targets include 1.20, 1.15 and 1.00
  • 1.2200 is now a resistance level (stops below 1.2200 were tripped in Asia)
  • EUR/GBP rose to a new 22-month peak of 0.9187 in Asia (GBP/EUR 1.0885)

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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