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Thomson Reuters
Sep 14 - 06:12 AM
GBP/USD - Up To Highest Level Since Aug 1 Before Carney Talks
First appeared on eFXplus on Sep 14 - 04:40 AM
  • Cable helped to 1.3139 by more GBP shorts bailing out of positions
  • 1.3139 = highest level since Aug 1. 1.3144 was Aug 1 high
  • GBP short squeeze has been fuelled by hopes of a Brexit deal in Oct/Nov
  • Obstacles beyond 1.3144 include 1.3173 (July 31 top) and 1.3181
  • 1.3100 is now a support point: stops above the figure were tripped Thursday
  • BoE Governor Carney is due to speak in Dublin at 1000GMT

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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