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Nov 01 - 11:55 AM

GBP/USD - Respects 1.37 Resistance After Lift From 2-Week Low

By Rob Howard  —  Nov 01 - 09:41 AM
  • Cable met headwind by 1.37 after rallying off 1.3644 (low since Oct 13)

  • 1.3700 is a former support point (GBP/USD slid through 1.37 on Friday)

  • Brexit tension is negative for GBP: France asks EU to punish Britain

  • See: nL8N2RS1GE. BoE MPA Thursday: 15 bps rate hike expected nL8N2RS3R7

  • Yellen says Biden pick for Fed chair expected soon nL1N2RR0J2nL1N2RS0RT

  • Virginia governor's race could show way for 2022 GOP campaigns nL1N2RE202

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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