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Jun 15 - 06:55 AM

GBP/USD - Respects 1.2549 After Rallying Off Two-Week Low

By Rob Howard  —  Jun 15 - 05:00 AM
  • Cable met headwind just shy of 1.2549 after rallying off 1.2455 (2-week low)

  • 1.2549 was pre-weekend recovery rally high from 1.2473 (Friday's low)

  • GBP/USD hit 1.2455 just after 0600GMT, as equity prices slid nL1N2DS07X

  • Nikkei closed down 3.47% at a three-week low (at 0600GMT) nL8N2DS1I0

  • 1.2585 (June 5 low) and 1.26 are cable resistance levels beyond 1.2549

  • UK PM Johnson and EU leaders on video-conference at 1230GMT nL8N2DR0I4

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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