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
Source:
Thomson Reuters IFR Markets