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Jun 15 - 07:55 AM

GBP/USD - Eyes One-Month Low After Sliding Through 1.41

By Rob Howard  —  Jun 15 - 05:41 AM
  • Cable threatens 1.4069 after falling from 1.4128 (early London high)

  • 1.4069 was Monday's one-month low (as Brexit tensions hurt GBP)

  • 1.4069 is four pips shy of 76.4% Fibo of 1.4008 (May 13 low) to 1.4250

  • Early London high was posted on strong UK jobs data and earnings beat

  • See: nL5N2NX10W. UK CPI data due Wednesday, +1.8% YY f/c nL2N2NX0HY

  • FOMC event risk is source of support for USD nL2N2NW0PUnL2N2NT0D3

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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