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Oct 12 - 07:55 AM

GBP/USD - 1.30 Flips To Support Point From Resistance Level

By Rob Howard  —  Oct 12 - 05:40 AM
  • Cable eyes 1.3000 (former resistance level) after falling from 1.3060

  • Stops above 1.30 were tripped on Friday (en route to 1.3050 pre-weekend top)

  • 1.3060 was one-month high in early London trade nL1N2H303N

  • BoE asks banks how ready they are for sub-zero interest rates nL8N2H311H

  • GBP could be hit hard if the BoE cuts rates below zero next year

  • UK PM Johnson to impose further COVID-19 restrictions nL8N2H30NJ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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