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Thomson Reuters
Jun 07 - 12:12 PM
GBP/USD - Respects Ldn Am High After Retreat From 2-Week Peak
First appeared on eFXplus on Jun 07 - 09:55 AM
  • Cable elicited support pre-1.2728 (Ldn am high) after retreating from 1.2757
  • 1.2757 = two-and-a-half week peak, following US NFP and earnings data misses
  • See: . Traders pile into FOMC rate cut bets
  • EUR/USD has outperformed GBP/USD, as evidenced by the EUR/GBP rise to 0.8892
  • 0.8892 = three-day high/10 pips shy of Tuesday's 20-week peak
  • 0.8850 was intra-day low during the Ldn am (level equates to GBP/EUR 1.13)

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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