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Jul 22 - 01:55 PM

GBP/USD - Ekes Out Slight Gain On EUR, USD Sales In NY Afternoon

By Paul Spirgel  —  Jul 22 - 01:30 PM
  • GBP/USD firm into NY close, +0.03% at 1.2736; NorAm range 1.2740-1.2683

  • Pair rallies off NorAm open lows, lags EUR/USD gains on Brexit, growth angst

  • GBP slides as focus returns to Brexit, UK econ uncertainties nL2N2ET0TI

  • Res at 1.2768 Tues high, 1.2812 June 10 high, 1.2907 200-WMA

  • Supt 1.2644 Wed low, 1.2616 10-DMA, bears gain momentum below 50% Fib 1.2510

  • EUR/GBP ending NY 0.9087 +0.34%, off high 0.9136, EU-UK trade impasse lifts

  • Historic EU recovery plan gives EUR leg up, soft UK growth view mutes GBP gains

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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