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Jul 06 - 07:55 AM

GBP/USD - Falls Over Half-A-Cent After Failing To Break 1.39

By Rob Howard  —  Jul 06 - 05:59 AM
  • Cable slides to 1.3835 after early Ldn gains topped out by 1.39 nL2N2OI0DX

  • 1.3835 = 38.2% Fibo of 1.3744 (last Friday's 11-week low) to 1.3898

  • EUR/USD has also fallen nL2N2OI0MT. 1.3800 is a support point below 1.3835

  • Profit-taking on dollar shorts lifted GBP/USD through 1.38 pre-weekend

  • Risks linked to UK's 2 trillion-pound debt mountain are growing - OBR boss

  • See: nL5N2OI19G. UK June construction PMI 66.3 vs 63.8 f/c nL5N2OI1OQ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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