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Jul 05 - 06:12 AM
GBP/USD - Drops To Fresh Two-Week Low Before U.S Jobs Report
First appeared on eFXplus on Jul 05 - 04:25 AM
  • GBP/USD hits 1.2550 after sliding through 1.2557 (Wednesday's low)
  • 1.2550 is the lowest level since June 19 (1.2543 was the low that day)
  • GBP is continuing to suffer on Carney's dovish steer and no-deal Brexit risk
  • Cable was trading on a 1.26 handle before the BoE Governor spoke on Tuesday
  • Bear targets include 1.2507 (June 18, 23-week low) and 1.2409 (Jan 3 low)
  • U.S. employment report due 1230GMT, June NFP f/c 160k

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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