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Jul 27 - 08:55 AM

GBP/USD - Rises To Its Highest Level Since March 11

By Rob Howard  —  Jul 27 - 06:40 AM
  • Cable hits 1.2869 after vaulting 1.2858 (Asian session peak)

  • 1.2869 is the highest level since March 11 (1.2977 was the high that day)

  • Ascent to 1.2869 fuelled by USD selling nL2N2EY09T

  • Dovish Fed expectations may keep USD on the ropes nL2N2EY09B

  • Retreat from Asia peak based five pips shy of 1.2803 (Friday's high)

  • IMM speculators raised GBP exposure by 7.5% in week to July 21 nL2N2EY05Z

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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