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Thomson Reuters
Aug 06 - 05:00 AM
GBP/USD - Softer On Fox's 60 Pct No-Deal Brexit Estimate
First appeared on eFXplus on Aug 06 - 03:00 AM
  • Cable eased to intra-day low 10 pips shy of 1.2975 in early European trade
  • Loss spurred by UK trade minister Fox's 60 pct no deal Brexit estimate
  • Fox made the prediction in an interview with the Sunday Times nL5N1UV0J0
  • 1.2975 was Friday's two-week low on Carney's no deal Brexit warning
  • See: nL5N1UU1P3. 1.2975 is only 17 pips shy of July's 10-month low
  • 1.3005 (Asia high) and 1.3043 (Friday's high) are resistance levels

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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