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Jun 27 - 08:36 AM
GBP/USD - Helped To Two-Day High By Position Adjustments
First appeared on eFXplus on Jun 27 - 07:20 AM
  • Cable reached 1.2725 after 1.2708 break prompted some short-covering
  • 1.2708 was Monday's low: offers ahead had been capping pair
  • IMM speculators net GBP short position at 22-week high in week to June 18
  • See: . Brexit remains the dominant influence over the pound
  • Japan warns that Brexit could end its UK investment honeymoon nL8N23Y1KW
  • MPs seek to block no-deal Brexit by stopping government funds nL8N23Y2X9

GBP IMM: Click here

Source:
Refinitiv IFR Research/Market Commentary

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