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Oct 11 - 03:48 PM
GBP/USD - Jumps To 14-Week High By 1.2700 As Brexit Negotiations Intensify
First appeared on eFXplus on Oct 11 - 01:35 PM
  • GBP/USD ending NY +0.78% at 1.2660, NorAm range 1.2708-1.2409

  • Shorts lightening on intense Brexit deal talk nL5N26W1AA

  • Pair +2.95% MTD, -0.75% YTD; cls abv 1.2670 50% of 2019 range aids bull run

  • Sterling runs into offers near Fibo resistance by 1.2670 nL2N26W0JU

  • EUR/GBP -1.31% to 0.8726, pair -1.39% MTD, -2.9% YTD nL2N26W0JA

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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