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Nov 16 - 07:55 AM

GBP/USD - Helped To Intra-Day High By NATO Source News

By Rob Howard  —  Nov 16 - 05:35 AM
  • Cable rises to 1.1942 after NATO source news, re: missile blast in Poland

  • Biden told allies missile that hit Poland was Ukrainian air defence-source

  • See: nL8N32C2PHnL1N32B2XUnL8N32C2NW. 1.1942 = intra-day high

  • 1.1792 was GBP/USD low on initial news of missile blast in Poland Tuesday

  • That low was plumbed courtesy of demand for the safe-haven dollar

  • 1.2026 was Tuesday's three-month high, on sub-f/c U.S. PPI (pre-Poland news)

Source:
Refinitiv IFR Research/Market Commentary

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