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Jun 21 - 05:55 AM

GBP/USD - Rises To Intra-Day Top As Morrisons Shares Jump 30%

By Rob Howard  —  Jun 21 - 04:08 AM
  • Cable rises to 1.3837 as Morrisons shares jump 30% nL9N2DZ011nL3N2O31TC

  • On Saturday, Morrisons rejected GBP 5.5 bln cash takeover offer from CD&R

  • See: nL2N2O109D. 1.3837 = intra-day high (1.3829 was Asian session top)

  • Offers may emerge near 1.3856 (Friday's Ldn am low) if GBP/USD extends north

  • 1.3787 was nine-week low in Asia (1.3791 was Friday's low) nL2N2O30CO

  • UK minister says pension 'triple lock' not under threat nL5N2O30X4

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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