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Thomson Reuters
Aug 07 - 05:00 AM
GBP/USD - Up But Fears Of No Deal Brexit May Keep It Sub-1.30
First appeared on eFXplus on Aug 07 - 03:10 AM
  • Cable up to threaten 1.2975 in early European trade courtesy of USD selling
  • 1.2975 = Aug 3 low after 1.30 handle lost on Carney's no deal Brexit warning
  • Offers expected near 1.3000 if 1.2975 vaulted (1.3005 was Monday's high)
  • 1.3000 is 38.2 pct of 1.3129 (Aug 2 high, after BoE rate hike) to 1.2920
  • 1.2920 was Monday's 11-month low after Fox's 60 pct no deal Brexit estimate
  • See: nL5N1UV0J0. GBP may drop to 1.15-1.00 if no deal Brexit nL1N1UX03L

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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