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Jun 25 - 03:55 PM

GBP/USD - Slips A Tad Further, Finds Support Sub-1.2400 By 10-WMA

By Paul Spirgel  —  Jun 25 - 02:00 PM
  • GBP/USD ending NorAm -0.04% at 1.2414, NY range 1.2456-1.2390

  • Pair supported in early NorAm on EUR & yen selling versus GBP

  • Brexit quandary helps keep mixed sterling on defense nL1N2E20Z2

  • UK's Frost seeks change to EU's unrealistic positions nS8N2DF09J

  • Barnier cited UK unwillingness to engage nS8N2AH07G, aids GBP weakness

  • EUR/GBP ends NY 0.9040 -0.16%; Thurs range 0.9062-01

  • Bears need a dip below 30-DMA by 0.8964; bulls a rise above daily cloud top by 0.9086

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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