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Jul 31 - 04:55 AM

GBP/USD - Holds Above 1.31 After Trump-Influenced Gains

By Rob Howard  —  Jul 31 - 02:35 AM
  • Cable reached 1.3143 in Asia after adding to Thursday's Trump-spurred gains

  • USD fell after Trump raised idea of delaying U.S. elections nL2N2F111T

  • 1.3143 = highest level for GBP/USD since March 9 (1.32 was high that day)

  • Absence of U.S. virus aid bill deal is also weighing on the USD nL2N2F11RE

  • U.S. coronavirus epicentre shifts toward Midestern states nL2N2F10ZB

  • 1.3100 (former resistance level) is now a GBP/USD support level

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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