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Jul 08 - 04:55 AM

GBP/USD - Weighed Down By Risk Aversion, With China In Focus

By Rob Howard  —  Jul 08 - 02:50 AM
  • Cable hits 1.3772 (intra-day low) as China-influenced risk aversion weighs

  • China govt bond yields slump after cabinet floats RRR cuts nL2N2OK02N

  • More: nB9N2NS01R. USD is above GBP on the safe-haven currency ladder

  • 1.3758 (Wednesday's low) and 1.3734 (July 2 low) are GBP/USD support points

  • 1.3800 and 1.3816 (recovery rally high from 1.3758) are resistance levels

  • UK PM Johnson's new COVID gamble worries some scientists nL5N2OI4X0

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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