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Thomson Reuters
Feb 05 - 02:36 PM
GBP/USD - Extends South To Fresh Two-Week Low After U.S. Data
First appeared on eFXplus on Feb 05 - 10:50 AM
  • Cable continues lower to 1.2938 after mixed US Jan ISM service sector survey
  • Headline index below f/c but employment and prices paid indices up vs Dec
  • See: nN9N1YT01C. 1.2938 = two-week low, 99 pips below 200DMA
  • Lots of GBP longs have been jettisoned since Monday's break below the 200DMA
  • UK service PMI miss contributed to the pound's woes today nL5N2002O4
  • Brexit uncertainty is also weighing on GBP, as clock ticks towards March 29

GBPUSD: Click here

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