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Aug 30 - 08:36 AM
GBP/USD - Calm Before The Political Storm
First appeared on eFXplus on Aug 30 - 06:35 AM
  • Steady price action just above week's low and 21DMA, 1.2154-56
  • Some s/t bargain hunting likely ahead of 1.2150 but rebounds limited
  • Leaving a marginally bullish August mkt smells blood heading into Sept
  • Cable at the mercy of the Johnson Brexit gambit: volatility risk
  • No deal exit still the risk and despite heavy factoring, GBP vulnerable
  • Below 1.2150 and the way opens a run to 1.2065 and 1.2015 2019 low points
  • Related content:

GBP/USD Daily Chart: Click here

Refinitiv IFR Research/Market Commentary


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