Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 17 - 06:12 AM

GBP/USD - Elicits Support Around October's Low

By Rob Howard  —  Mar 17 - 04:15 AM
  • Cable elicited support around 1.2196 after dropping from the Ldn open

  • 1.2196 was October's low -- before Brexit breakthrough boosted GBP

  • See: nL1N2B908T. 1.2203 was Monday's low, courtesy of risk aversion

  • S&P 500 closed down 12% Monday: USD above GBP on the safe-haven ladder

  • 1.2240 is high since the drop to test 1.2196 (1.2250 was Friday's low)

  • UK to unveil more business support as coronavirus bites nL8N2BA1M2

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!