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Jul 09 - 03:55 AM

GBP/USD - Rises To Its Highest Level Since June 16

By Rob Howard  —  Jul 09 - 02:20 AM
  • Cable extends north to 1.2645, its highest level since June 16

  • Risk-sensitive pound is benefiting from positive European equity futures

  • See: nL1N2EG07R. Nasdaq closed at record high Wednesday nL1N2EF2E1

  • Record rise in new U.S. COVID-19 cases is helping weigh on the USD

  • See: nL1N2EG017nL1N2EF1BK. 1.2623 is now a GBP/USD support point

  • 1.2623 was Wednesday's high. 1.2605-1.2637 was Asian session range

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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