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Oct 01 - 11:55 AM

GBP/USD - Scales Three-Day Peak After Surfing Equity Wave

By Rob Howard  —  Oct 01 - 09:48 AM
  • Cable threatens 1.3573 (July's low) after extending north from 1.3434

  • 1.3434 was early London low after steep European equity losses at open

  • Almost all of those stock losses recouped since then -- to pound's benefit

  • See: nL8N2QX2V4nL1N2QX0LC. Wall Street opens higher nAQN04PBEB

  • 1.3600 is a GBP/USD resistance level beyond 1.3573 (1.3602 was August's low)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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