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Jul 06 - 09:55 PM

GBP/USD - Clings To Lows On Economic And Political Concerns

By Krishna K  —  Jul 06 - 08:00 PM
  • GBP/USD on defensive in early Asia after declining 0.3% to 2-year low Wed

  • Broadly stronger USD & stagflationary concerns on Britain economy undermine

  • BoE's Pill sees no growth for UK economy, warns against big rate hikes

  • Britain political turmoil continues to be a background negative nL1N2YN08L

  • Fed June meeting minutes reflect hawkish stance, taken in stridenL1N2YN1SA

  • Support 1.1880, 1.1850, resistance 1.1975-80, 1.2025-35

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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