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Oct 11 - 07:24 AM
GBP/USD - Jumps To Three-Week High After Cent Drop To 1.2409
First appeared on eFXplus on Oct 11 - 05:10 AM
  • Cable soars to 1.2544 after sliding from 1.2506 to a low of 1.2409

  • A fairly pessimistic steer from EU's Tusk was catalyst for drop to 1.2409

  • Tusk: Brexit deal may be possible but no guarantee of success nL5N26W21R

  • 1.2544 is a three-week high. 1.2506 was high before Tusk spoke

  • Skittish price action shows how sensitive GBP is to the Brexit vibe

  • Cable rose 2% to 1.2469 Thursday on Brexit deal hope nL2N26W06A

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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