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Jul 06 - 04:55 AM
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GBP/USD - On A 1.33 Handle As New Week Begins
By Robert Howard — Jul 06 - 02:40 AM
• Cable has traded a 38 pip range thus far Monday; 1.3331-1.3369
• 1.3331 is also the low water-mark since Friday's high of 1.3380
• Bids likely near 1.3300 (1.3297 was Thursday's NY session low, pre-NFP data)
• Pound last week racked up its biggest weekly gain vs USD since early April
• BoE will publish its half-yearly Financial Stability Report on Tuesday
• EasyJet ready to accept £5.5 billion takeover bid from
U.S. firm Castlelake
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters