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Oct 10 - 08:36 AM
GBP/USD - Rises To Intra-Day High On Greenback Supply
First appeared on eFXplus on Oct 10 - 06:20 AM
  • Cable scales intra-day peak of 1.2265 as USD takes an across-the-board hit

  • 1.2250 was high before UK GDP data nL2N26V06VnL5N26V29A

  • Offers expected near 1.23 if GBP/USD extends north: 1.2292 = Wednesday's top

  • 1.2301 was Tuesday's high. 1.2230 (Asia high) is now a support point

  • Bids around 1.2200 propped GBP/USD on Tuesday and Wednesday nL2N26V05N

  • Carney says GBP remains more volatile than usual re: Brexit nL9N26805P

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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