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Thomson Reuters
Oct 12 - 06:12 AM
GBP/USD - Up To Three-Week High On Brexit Deal Hope
First appeared on eFXplus on Oct 12 - 04:05 AM
  • Cable rise to 1.3259 fuelled by hope that a Brexit deal might soon be agreed
  • See: nL8N1WR6QB. 1.3259 = three-week high, 337 pips above last week's low
  • GBP short-covering on Brexit vibe has been a key factor in that 337 pip rise
  • Scope for more GBP short-covering if a Brexit deal is agreed next week
  • Hammond: Brexit talks positive but still big issues to resolve nL9N1VZ00T
  • GBP/USD bull targets include 1.3295 (Sept high), 1.3363 (July high) and 1.35

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