Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 20 - 12:12 PM

GBP/USD - Remains Firm, Eyes 10-DMA Resistance By 1.2273

By Paul Spirgel  —  May 19 - 02:00 PM
  • GBP/USD adds to recent gain, ending NY +0.5% at 1.2256; NY range 1.2268-24

  • Pair shrugs off neg rate talk, dearth of progress on trade talks w/EU

  • Britain: EU is offering relatively low quality trade agreement nL8N2D15MC

  • Sterling extends gains on reduced COVID angst, EU aid optimism nL1N2D10X9

  • GBP headwinds prevail at 10-DMA 1.2273 to 55-DMA 1.2358, 200-DMA caps 1.2664

  • EUR/GBP ends NY -0.28% at 0.8919, Tues range 0.8958-17; mkt awaits further details of FR/DE aid plan

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!