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Thomson Reuters
May 17 - 02:36 AM
GBP/USD - Early Gains On UK Telegraph Brexit Story Sustained
First appeared on eFXplus on May 17 - 12:40 AM
  • +0.5% in Asia - UK Telegraph article suggests 'remain' getting upper hand
  • UK to tell EU it is ready to stay in customs union beyond 2021 nL5N1SN7OA
  • Credibility an issue, as is any EU response, but early Asia liked it
  • Trend stalled above 1.3462, 38.2% 2017/18 climb a base last week
  • Close below 1.3460 would wake up bears - 1.3671 20 DMA pivotal resistance
  • Hectic Asian trading in GBP & EUR/GBP - Click here

gbp may 17 Click here

Source:
Thomson Reuters IFR Markets

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