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Jun 24 - 08:55 AM

GBP/USD - Respects Asia High After 1.25 Handle Reclaim

By Rob Howard  —  Jun 24 - 07:15 AM
  • Cable met headwind just shy of 1.2541 after extending north from 1.2466

  • 1.2541 was Asian session top; highest level since June 18 nL1N2E109B

  • 1.2466 = Ldn am low, as European equity losses weighed on risk-sensitive GBP

  • See: nL1N2E10D7nL4N2E11VR. U.S. equity futures fall nL4N2E12G9

  • GBP/USD trade was also choppy within 1.2434-1.2532 parameters Tuesday

  • U.S. considers tariffs on $3.1bln EU, UK imports - Bbg nFWN2E104A

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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