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Jun 30 - 11:55 AM

GBP/USD - Reclaims 1.23 Handle After Respecting One-Month Low

By Rob Howard  —  Jun 30 - 09:35 AM
  • Cable eyes 1.2314 after extending north from 1.2258 (Ldn am low)

  • 1.2258 was six pips shy of Monday's one-month low nL1N2E70B6

  • 1.2314 is a former support turned resistance level (last Friday's low)

  • Obstacles beyond include 1.2337 (June 22 low) and 1.2390 (Thursday's low)

  • 'So far so V', BoE chief economist Haldane says of UK recovery nL8N2E734Q

  • UK says it will not bend on NHS, standards in U.S. trade talks nL8N2E7348

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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