Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 29 - 03:48 AM
GBP/USD - Recent Range May Be Challenged By Parliament Today
First appeared on eFXplus on Oct 28 - 11:10 PM
  • Off 0.1% - flurry of activity as Asia full opened in a 1.2835/1.2860 range

  • EUR/GBP +0.1%, traded in a 0.8635/0.8640 range, also active at the open

  • Johnson has a decent chance of securing a Dec election Tuesday nL8N27D4HQ

  • Asymmetric risk into the vote, yes likely a strong GBP positive nL2N27D1R2

  • No to a snap election - likely see recent consolidation below 1.3000 extend

  • Key levels are 1.3012 October high and 1.2700, 38.2% of the October bounce

  • Yesterday's 1.2812/1.2876 range is initial support/resistance

gbp3 oct 29 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
!