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Jul 09 - 06:55 AM

GBP/USD - Holds Sub-1.38 After Lift From GDP Miss-Spurred Low

By Rob Howard  —  Jul 09 - 05:18 AM
  • Cable met fresh headwind ahead of 1.38 after rallying off 1.3756

  • 1.3756 was intra-day low after UK May GDP data miss nL5N2OL0UC

  • Offers by 1.38 also kept a lid on GBP/USD in Asia, and on Thursday

  • 1.3795 was Asian session high (and Thursday's Ldn am high) nL2N2OL0B5

  • 1.3797 = NY session high (after rally from risk aversion-spurred 1.3742 low)

  • Dover warns of Brexit trade disruption as tourists hit Europe nL5N2OL19M

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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