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Aug 27 - 03:48 PM
GBP/USD - Boosted By Soft Brexit, ECB Rate View
First appeared on eFXplus on Aug 27 - 01:55 PM
  • GBP/USD firm into NY close ending 1.2287 +0.61%, Tues range 1.2310-1.2209
  • Pair boosted on softer Brexit tones, EURGBP selling as mkt eyes ECB cuts
  • GBP should enjoy the break from Brexit gloom while it lasts
  • Pair consolidates abv 30-DMA (1.2234) eyes minor Fib 1.2337, 10-WMA 1.2360
  • EUR/GBP -0.65% at 0.9024 probes below 10-WMA (0.9051) on soft Brexit tone

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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