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Jun 28 - 08:55 AM

GBP/USD - Goes Back To The Future On 50-Figure Orders Day

By Rob Howard  —  Jun 28 - 06:35 AM
  • Cable elicited support pre-1.2250 after retreat from 1.2291 (early Ldn high)

  • Orders were traditionally parked near 50 and big figure levels in GBP/USD

  • Rise to 1.2291 spurred by China slashing COVID quarantine time nL1N2YF06Q

  • China news prompted rise in risk appetite, to benefit of GBP nL4N2YF1BU

  • Incoming BoE MPC member Dhingra to address UK TSC Wednesday nL1N2YF0GN

  • Russian hacker group says cyberattacks continue on Lithuania nS8N2VD0EJ

Source:
Refinitiv IFR Research/Market Commentary

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