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Jun 06 - 04:55 AM

GBP/USD - Rises To Intra-Day Top Despite UK Confidence Issues

By Rob Howard  —  Jun 06 - 02:55 AM
  • Cable climbs to 1.2530 as UK political event risk looms large for sterling

  • PM Johnson set to face confidence vote nL8N2XT0K5nL8N2XN32W

  • More: nL1N2XS04P. 1.2530 = intra-day high. 1.2477 was Asian session low

  • 1.2486-1.2589 was Friday's range -- when USD rose on solid U.S. jobs data

  • See: nL1N2XQ16R. 1.2459 was last week's low (June 1, pre-UK holiday)

  • Hunt and Truss among likely candidates to replace Johnson if PM is ousted

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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