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Thomson Reuters
Dec 04 - 12:12 PM
GBP/USD - Loses Altitude Amid UK Political Concerns
First appeared on eFXplus on Dec 04 - 10:00 AM
  • Cable down by a cent since its Ldn am jump to 1.2840 (high since Nov 29)
  • Ascent to 1.2840 was fuelled by A50 case news nL8N1Y91MN nS8N1VQ03V
  • Subsequent fall influenced by UK political concerns pre-Dec 11 Commons vote
  • PM May's govt faces contempt vote over Brexit legal advice nL8N1Y940T
  • 1.2720 (Asia low) and 1.2697 (Monday's low) are GBP/USD support levels
  • 1.2697 was also the Oct 30 low. 1.2662 marks the 2018 low (Aug 15)

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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