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Jul 26 - 07:55 AM

GBP/USD - Threatens 1.38 After Vaulting Last Week's Peak

By Rob Howard  —  Jul 26 - 06:15 AM
  • Cable eyes 1.38 after rising through 1.3787 (last week's peak, July 22)

  • 1.38 approxiates to the 21DMA. GBP gains influenced by COVID-19 data

  • New COVID-19 cases in Britain fell for the fifth day in a row on Sunday

  • See: nL1N2P10BO. 1.3773 (Friday's high) is now a GBP/USD support point

  • IMM speculators flipped to first net GBP short since Dec in week to July 20

  • See: nL1N2P20AZ. BoE MPC member Vlieghe is due to speak at 1100GMT

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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