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Jul 10 - 03:55 AM
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GBP/USD - Consolidates Gains To Four-Week High
By Robert Howard — Jul 10 - 02:41 AM
• Cable rose to 1.3452 in Asia as dollar fell vs yen on Japanese pension fund news
• 1.3452 is the highest level since June 15 (1.3460 was the high that day)
• Thursday high was 1.3430, after more short-covering (CFTC data due at 1930 GMT)
• 1.3140 was seven-month low on June 24. Pullback low from 1.3430 was 1.3381
• Apollo Global trumps U.S. investor Castlelake with £5.7 billion easyJet bid
• Burnham set to replace Starmer as Britain's prime minister
on July 20
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters