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Aug 14 - 12:12 PM
GBP/USD - Bids Expected Near Tuesday's Low And 31-Month Low
First appeared on eFXplus on Aug 14 - 09:50 AM
  • Bids may emerge near 1.2042 (Tuesday low) if cable extends south from 1.2101
  • 1.2101 = intra-day high (circa 1100GMT), following above f/c UK July CPI
  • See: nL8N25A2KU . 1.2045 was today's Asian session base
  • More bids expected ahead of 1.2000: 1.2015 was Monday's 34-month low
  • Recent drop to 1.2015 was fuelled by fear of a Halloween no-deal Brexit
  • 'Collaborators' are undermining Britain's Brexit bet, PM says nL8N25A130

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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