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Thomson Reuters
Oct 23 - 08:36 AM
GBP/USD - Respects Fibo Obstacle After Lift From Two-Week Low
First appeared on eFXplus on Oct 23 - 06:15 AM
  • Cable met headwind two pips shy of 1.3007 after extending north from 1.2937
  • 1.3007 is 23.6 pct Fibo of 1.3235 (last week's high) to 1.2937
  • 1.2937 was early Europe low, 20 pips under Monday's low
  • Drop to Monday's low was fuelled by fears Tory rebels could topple PM May
  • GBP should benefit if Tory plotters against May disperse
  • CBI Oct manufacturing orders book balance -6 vs -1 f/c nL9N1O501M

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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