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Thomson Reuters
Apr 02 - 12:12 PM
GBP/USD - Respects Monday's Low Amid Brexit Yin And Yang
First appeared on eFXplus on Apr 02 - 10:00 AM
  • Cable elicited support pre-1.3010 after breaking below 1.3025 (Ldn am low)
  • 1.3010 was Monday's low--before soft Brexit hope inflated the pair to 1.3150
  • Subsequent drop spurred by heightened fear of a no-deal Brexit nL8N21K1E3
  • UK MPs will try to force PM May to seek further Brexit delay nL8N21K3HR
  • More: nL8N21K3YP. Delay would avert GBP-negative Apr 12 no-deal exit risk
  • GBP/USD resistance levels include 1.3076 (rally high from 1.3025) and 1.31

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