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Refinitiv
Nov 03 - 08:36 PM
GBP/USD - Significant News Needed For A 1.2800/1.3000 Breakout
First appeared on eFXplus on Nov 03 - 06:15 PM
  • Touch softer after Friday's flat close and inside day, consolidation extends

  • Brexit Party's Farage will campaign, but not run in UK election nL8N27J0E7

  • Polls suggest Conservative party has a healthy election lead nL8N27I0OF

  • Early in the election, but GBP happy below 1.3000 and EUR/GBP around 0.8640

  • 1.3000 capped the Oct bounce - consolidation since leaves neutral technicals

  • Key levels are 1.3012 October high and 1.2790 late October range base

  • 1.2893 10 DMA and last week's 1.2975 high are initial support/resistance

gbp nov 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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