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Jun 23 - 03:55 PM

GBP/USD - Firms On Global Growth Optimism, Targets 10-DMA Resistance By 1.2539

By Paul Spirgel  —  Jun 23 - 01:40 PM
  • GBP/USD firm into NY close +0.42% at 1.2521, NorAm range 1.2532-1.2434

  • USD selling as WH affirms China deal intact boost USD broadly nL1N2E0050

  • Sterling lags in rally vs USD as Brexit tempers reopening hope nL1N2E00XV

  • Pair consolidates abv 30/55-DMA by 1.2427, runs into res pre-10-DMA 1.2539

  • EUR/GBP +0.07% at 0.9035, well off early NY high 0.9078; upbeat global PMI, growth view trumps Brexit angst

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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