Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 24 - 08:36 AM

GBP/USD - Up To High Since Jan 7, Then Down, After UK PMI Beats

By Rob Howard  —  Jan 24 - 06:00 AM
  • GBP/USD rose to 1.3180, highest level since Jan 7, after UK Jan PMI beats

  • Subsequent retreat to test 1.3113 influenced by profit-taking on GBP longs

  • 1.3113 was Asia low. 1.3098 was Thursday's low (1.2962 was Monday's low)

  • UK mfg PMI 49.8 vs 48.9 f/c, service PMI 52.9 vs 51.0 f/c nL8N29T26B

  • EUR/GBP extended south to 0.8390 after PMI beats, lowest level since Dec 17

  • 0.8420 = subsequent rally high. 0.8401 was low pre-UK PMIs nL1N29T05N

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
!