Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Sep 04 - 06:12 AM
GBP/USD - Extends North To Eye Monday High Pre-UK Service PMI
First appeared on eFXplus on Sep 04 - 04:25 AM
  • Cable hits 1.2165 after more short-covering on the break of 1.2144 (10DMA)
  • 1.2165 is 10 pips shy of Monday's high (1.1959 was Tuesday's 35-month low)
  • GBP gains fuelled by Tuesday's Commons win for opponents of no-deal Brexit
  • See: nL5N25V125. UK Aug service PMI due 0830GMT, 51.0 f/c vs 51.4 in July
  • Beat could prompt 1.2175/76 test/break. 1.2176 = 61.8% of 1.2310-1.1959
  • UK manufacturing and construction PMIs both came in weaker than expected

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!