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Nov 21 - 02:36 PM
GBP/USD - Runs Into Offers Ahead Of 1.3000, Eyes 10-DMA Support By 1.2881
First appeared on eFXplus on Nov 21 - 01:20 PM
  • GBP/USD limps into NY close -0.15% at 1.2901; NorAm range 1.2970-1.2898

  • Rise on upbeat Tory elex vibe reversed, downside ltd as Brexit fears recede

  • Sterling bulls struggle for traction nL2N2810S1

  • Corbyn's socialist manifesto gives GBP bulls pause nL8N28124E

  • Supt sub-1.29 by Wed low 1.2888, multiple DMA area; res Oct 21 high 1.3012

  • EUR/GBP +0.07% at 0.8572; Thurs range 0.8580-46; Labour woes boost EUR

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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