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Feb 06 - 05:00 AM

GBP/USD - Trades Close To 1.30 After A Volatile Few Days

By Rob Howard  —  Feb 06 - 03:05 AM
  • Cable has traded a 29 pip range thus far Thursday, 1.2972-1.3001

  • Calm follows volatile week: 1.2979 to 1.3210 to 1.2942 to 1.3070 to 1.2957

  • 1.2957 was Wednesday's low after GBP took a hit on a MiFID II-related piece

  • See: nL1N2A510C. Recovery rally from 1.2957 topped out at 1.3010

  • 1.3010 was Wednesday's early Ldn low (before GBP rose on UK service PMI)

  • EU market rules delay raises questions for post-Brexit Britain nL8N2A56S8

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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