Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 19 - 08:55 AM

GBP/USD - Sea Turns Calm After Stop-Loss Waves Tuesday

By Rob Howard  —  Aug 19 - 06:35 AM
  • Cable has traded a modest 38 pip range thus far Wednesday, 1.3228-1.3266

  • Calm follows Tuesday's jump to 1.3276 (highest level this year)

  • Tuesday's peak was scaled after waves of stop-loss buying on 1.3200 break

  • 1.3200 (March high) is now a support point, with bids expected ahead

  • UK CPI jumped unexpectedly to 1% in July nL8N2FL18KnL1N2FL096

  • Minutes from July's FOMC meeting will be published at 1800GMT nL4N2FL25C

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!