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Refinitiv
Nov 05 - 08:36 PM
GBP/USD - Soft Data, EUR/GBP Flows Support, As Range Extends
First appeared on eFXplus on Nov 05 - 07:15 PM
  • Flat - touch firmer yesterday, but tight ranges and consolidation dominates

  • EUR/GBP unchanged in Asia after closing off 0.5%, 0.8577 range base in view

  • PM Johnson to announce Dec 12 election; he will get Brexit done nL8N27L819

  • CBI - small UK manufacturers gloomiest since Brexit referendum nL8N27L77X

  • 1.3000 capped the October bounce - range since leaves neutral technicals

  • Key levels are 1.3012 October high and 1.2790 late October range base

  • NY 1.2860 low and London 1.2918 high initial support/resistance

gbp nov 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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