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Aug 11 - 09:48 PM
GBP/USD - Early Gains Short Lived - Boris In Election Mode
First appeared on eFXplus on Aug 11 - 07:40 PM
  • Opened +0.1%, but subsequently retreated to the 1.2027 NY close
  • PM Johnson in election mode - to review dangerous offenders nL8N2570EC
  • Telegraph, Labour cancel Sep travel ahead of no confidence vote nL4N2570IC
  • Ireland tells Boris - no backstop renegotiation, UK Guardian nL4N257083
  • Nothing new in the papers, but a no deal Brexit remains a real possibility
  • 5, 10 & 21 daily, weekly and monthly MAs track south - strong bearish setup
  • Next stop 1.1983 2017 low - close above last week's 1.2209 high would negate

gbp jaug 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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