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Thomson Reuters
Oct 24 - 07:24 AM
GBP/USD - Drops To Three-Week Low Pre-May Address To Tory MPs
First appeared on eFXplus on Oct 24 - 05:05 AM
  • Cable down to three-week low of 1.2929 before UK PM May speaks to Tory MPs
  • See: nL8N1X41K7. Drop influenced by EUR/USD losses on German/EZ PMI misses
  • EUR/GBP down 20 pips from 0.8843 high pre-German PMI shock
  • The reaction of Tory MPs to the May meeting will impact GBP nL8N1X41K7
  • Letters from 48 Tory MPs would trigger May confidence vote nL8N1X247N
  • GBP/USD stops are tipped below 1.2922 (Oct 4 low) and 1.2890

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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