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TDUX
Jul 06 - 08:55 AM

GBP/USD - On A 1.33 Handle After 1.1% Gain Last Week

By Robert Howard  —  Jul 06 - 06:53 AM

• Cable has traded a 21 pip range since the London open; 1.3329-1.3350

• 1.3329 is also the low water-mark since Friday's 1.3380 high

• Pound last week rose 1.1% vs USD, its biggest weekly gain in three months

• UK June construction sector PMI 38.4 vs 40.0 forecast

• U.S. June ISM services index due at 1400 GMT; 54 forecast

• Burnham is expected to replace Starmer as UK prime minister on July 20

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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