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Sep 17 - 12:12 PM
GBP/USD - Nearer 1.25 Than 1.24 As Oil Price Drops Sharply
First appeared on eFXplus on Sep 17 - 10:40 AM
  • Cable scales intra-day peak of 1.2466 after extending north from 1.2393

  • 1.2393 was the intra-day low plumbed during the Ldn am

  • Latest gains aided by steep oil price drop on Saudi output news nL3N2680K1

  • Prior oil price spike influenced GBP/USD retreat from 1.2515 Monday

  • 1.2515 = eight-week high, after GBP rose on Brexit deal hope

  • Brexit deal emerging or not? Latest in Britain-EU talks nL5N2641ZL

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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