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Aug 06 - 01:55 PM

GBP/USD - Stops May Be Sheltering Beyond March's High

By Rob Howard  —  Aug 06 - 10:05 AM
  • More cable stops may be sheltering above 1.3210 (Jan 31/7 high)

  • 1.3210 is a quarter-cent beyond Thursday's five-month high

  • Ascent to 1.3185 fuelled by BoE's message about negative rates nL8N2F81TQ

  • 1.3200 (March 9 high) is a key resistance level ahead of 1.3210

  • McConnell says U.S. needs 'another boost' as COVID-19 relief talks continue

  • See: nL1N2F80Q6. U.S. July jobs report due Friday 1230GMT nL1N2F71R8

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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