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Jun 29 - 04:55 AM

GBP/USD - Weighed Down By Month-End Buying Of The Dollar

By Rob Howard  —  Jun 29 - 02:35 AM
  • Month-end USD buying influenced cable's 110 pip fall from 1.2291 on Tuesday

  • Tuesday's U.S. stock losses also buoyed the safe-haven dollar nL1N2YF2HK

  • GBP/USD held above 1.2171 in Asia; 1.2175 was session low nL1N2YG050

  • 1.2171 was June 23 low (pre-UK service PMI beat). 1.2163 was June 22 low

  • Incoming BoE MPC member Dhingra to address UK TSC from 1315 GMT nL1N2YF0GN

  • Scottish government seeks independence vote in October 2023 nL8N2YF4BM

Source:
Refinitiv IFR Research/Market Commentary

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