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Refinitiv
Nov 21 - 12:12 PM
GBP/USD - Beats Quarter-Cent Retreat After Tuesday Top Tested
First appeared on eFXplus on Nov 21 - 10:05 AM
  • Cable retreats to 1.2945 after running into resistance at 1.2970 earlier

  • Retreat influenced by some profit-taking on long GBP positions

  • Rise to test 1.2970 was aided by poll showing 16 point Tory lead over Labour

  • See: nL9N26I01I. Equal third biggest Tory poll lead since election called

  • That could translate into a large Tory majority if similar result on Dec 12

  • More GBP/USD offers are tipped pre-1.30: 1.2985 was Monday's four-week high

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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