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Jun 29 - 04:55 AM

GBP/USD - Pushes Recovery Envelope From Friday's 4-Week Low

By Rob Howard  —  Jun 29 - 02:40 AM
  • Cable eyes 1.2390 after extending north from 1.2314 (Friday's four-week low)

  • 1.2390 was Thursday's low. 1.2327-1.2373 was Asia range nL1N2E603S

  • Rise to eye 1.2390 fuelled by USD selling: GBP/EUR near Friday's 13-week low

  • IMM specs more bearish on GBP for the first time in three weeks nL1N2E6059

  • EU-UK trade negotiations resume today nFWN2E4036nL1N2E309EnL8N2E409Y

  • Top senior UK civil servant steps down as Cummings seeks change nL5N2E50DV

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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