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Oct 15 - 03:55 PM

GBP/USD - REFILE-BUZZ-Sterling Leads Majors Lower On Heightened Brexit Intransigence

By Paul Spirgel  —  Oct 15 - 01:40 PM

Fixes typo in headline

  • GBP/USD soft into NY close -0.65% at 1.2925; NorAm range 1.2962-1.2891

  • Pair dogged by stalled Brexit talks, rise in European COVID cases

  • Sterling cloud support bruised on rising Brexit, COVID angst nL1N2H60QL

  • EU's Michel: EU wants UK trade deal but "not at any cost" nB5N2DW012

  • Close below cloud base (1.2921) adds to bearish tenor, 100-DMA 1.2831 eyed

  • Res firm near 1.3080, recent trend high, 50% Fib of 1.3418-1.2676 area

  • EUR/GBP +0.35% at 0.9060, Brexit angst trumps European COVID crisis, for now

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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