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Jun 25 - 04:55 AM
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GBP/USD - Holds Sub-1.32 After Drop To Seven-Month Low
By Robert Howard — Jun 25 - 02:51 AM
• Cable holds below 1.32 following Wednesday's fall to 1.3140
• 1.3140 is the lowest level since November 2025
• Ensuing climb to 1.3185 aided by Asian stock surge (GBP is risk-sensitive)
• 1.32 is a former support point. Large 1.3200 option expiry today
• FT-Unions combine to try to stop Ed Miliband becoming UK finance minister
• Media outlets say Reeves to be replaced when Burnham
becomes UK PM
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters