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Jun 30 - 05:55 AM

GBP/USD - Close To Monday's 1-Month Low As Quarter-End Looms

By Rob Howard  —  Jun 30 - 03:45 AM
  • Cable has fallen to 1.2259 since UK Q1 C/A deficit came in higher than f/c

  • See: nL8N2E714Z. 1.2259 = seven pips shy of Monday's one-month low

  • Monday's low was three pips shy of 76.4% Fibo of 1.2075-1.2812

  • Drop to 1.2252 was influenced by worries on funding to back UK spending plan

  • PM Johnson will set out his spending plan in a speech today nL8N2E65ZI

  • BoE's QE dissenter Haldane is due to speak about Q2 at 1000GMT nL1N2E60J3

GBPUSD Click here

Refinitiv IFR Research/Market Commentary


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