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Aug 26 - 03:55 PM

GBP/USD - Bulls Eye Another Run At Range Top 1.3266

By Paul Spirgel  —  Aug 26 - 01:35 PM
  • GBP firm into NY close +0.48% at 1.3210, Wednesday range 1.3219-1.3118

  • USD slips after US durables beat, EUR cross-selling aids GBP lift

  • EUR weakness steals focus from dollar for sterling bulls nL1N2FS0UU

  • EU-UK negotiators may meet next week, Barnier repeats deal needed by Oct 31

  • GBP/USD eyes range top 1.3266, 1.3284 Dec 31 high, then 1.3516 Dec 13 high

  • EUR/GBP -0.54% at 0.8952, Wed range 0.9002-0.8947; stretched EUR longs exit

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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