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TDUX
Jul 06 - 04:55 AM

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

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