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Sep 25 - 07:24 AM
GBP/USD - Drops To Lowest Level Since Supreme Court Ruling
First appeared on eFXplus on Sep 25 - 05:05 AM
  • Cable hits 1.2427 after falling half-a-cent from 1.2482 (early Europe high)

  • 1.2427 is low since GBP rose on Tuesday's UK court ruling nL2N26G06K

  • GBP weakness precedes 1030GMT return of MPs to UK parliament nL5N26G1NA

  • Bids expected pre-1.2400 (option expiry level) if GBP/USD extends south

  • 1.2416 was Tuesday's low (pre-court ruling). 1.2413 was Monday's low

  • Monday's low was plumbed after Barnier said hard to see Brexit solution

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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