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Jul 31 - 06:12 AM
GBP/USD - Remains Below 1.22 On No-Deal Brexit Fears
First appeared on eFXplus on Jul 31 - 03:00 AM
  • GBP continues to suffer on the back of fears of a Halloween no-deal Brexit
  • DUP says risk of no-deal Brexit is now significant nS8N22K017 nL8N24V93R
  • GBP/USD offers are touted pre-1.22 (sub-1.22 stops were tripped on Tuesday)
  • 1.2190 was the rally high from Tuesday's 28-month low of 1.2120
  • Bids are tipped pre-1.2100 (option barrier level). 1.2110 = March 2017 low
  • USD will react to Fed statement at 1800GMT (25bp cut expected)

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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