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May 19 - 08:55 AM

GBP/USD - Scales Intra-Day Peak After Positive CBI Data

By Rob Howard  —  May 19 - 06:35 AM
  • Cable reaches 1.2417 (intra-day high) after positive CBI data release

  • UK industrial orders grow at joint-record pace in May - CBI nL5N2XB2ZN

  • 1.2417 approximates to 50% retracement of Wednesday fall from 1.2501-1.2330

  • Wednesday's low was plumbed on steep losses for U.S. equities nL2N2XA2TU

  • 1.2339 was early London low, as risk aversion persisted nL3N2XB1AG

  • UK police end Downing Street party inquiry, 126 fines issued nL5N2XB2WD

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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