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Thomson Reuters
May 23 - 12:12 PM
GBP/USD - Extends North From 20-Week Low On Sub-F/c U.S. Data
First appeared on eFXplus on May 23 - 10:15 AM
  • Cable extended north from 1.2605 to threaten 1.2663 after sub-f/c U.S. data
  • See: nN9N21F00Z. 1.2605 was 20-week low in early Ldn trade
  • 1.2663 was Wednesday's Ldn am low. 1.2685 and 1.27 resistance levels beyond
  • Offers just shy of 1.27 capped Wednesday's recovery rally from 1.2625
  • Recent GBP losses fuelled by higher risk of a no-deal Brexit nL5N22Z0PV
  • Ascent from 1.2605 aided by profit-taking on GBP shorts

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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