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Nov 25 - 07:55 AM

GBP/USD - Shies Away From 1.34 Again As Brexit Clock Ticks

By Rob Howard  —  Nov 25 - 05:55 AM
  • Cable falls to 1.3317 after running into resistance ahead of 1.34 again

  • 1.3384 = intra-day high (shortly after 0800GMT). 1.3380 was Tuesday's high

  • 1.3396 was Monday's 11-week high. 1.3400 is an option expiry/barrier level

  • Monday's rise to threaten 1.34 was influenced by EU-UK trade deal hope

  • EU's von der Leyen sees "genuine progress" in talks, no-deal still possible

  • See: nL8N2IB1TS. Bids expected around 1.3300 (1.3294 was Tuesday's low)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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