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Oct 13 - 03:55 PM

GBP/USD - Weakness Exacerbated By Lingering Brexit Angst

By Paul Spirgel  —  Oct 13 - 01:35 PM
  • GBP/USD soft into NY close -0.85% at 1.2957; NorAm range 1.3060-1.2951

  • Haven flows boost USD, GBP particularly soft pre-Oct 15 UK Brexit deadline

  • Sterling slides as UK Brexit deadline approaches without a deal nL1N2H40VW

  • Supt 1.2941 the 21-DMA, then daily cloud base at 1.2867, 100-DMA by 1.2818

  • Res 1.2993 Tuesday's pullback hrly high, 1.3083 Monday's trend high

  • EUR/GBP +0.19% at 0.9059, lingering Brexit angst favors weakening EUR over GBP

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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