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Oct 08 - 04:55 AM

GBP/USD - Helped Towards 1.2950 By EU-UK Trade Deal Hope

By Rob Howard  —  Oct 08 - 02:45 AM
  • Cable scales two-day peak of 1.2947 after extending north from 1.2845

  • GBP supported by hope that an EU-UK trade deal is more likely than not

  • Senior UK government minister Gove sees 66% chance of a deal nL8N2GY58N

  • 1.2845 was Wednesday's low, after reported UK threat to EU talks hurt GBP

  • See: nL1N2GY0N0. BoE's Bailey says EU-UK should reach deal nS8N2F70AQ

  • 1.30 is a key resistance level beyond 1.2950 (1.3007 = Tuesday's 3-week top)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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