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Derived real-time data in partnership with:
Thomson Reuters
Sep 11 - 07:24 AM
GBP/USD - Needs A Mr Speaker After Steep Drop Then Rally
First appeared on eFXplus on Sep 11 - 05:20 AM
  • Badly executed GBP sell order mooted as cause of cable slide to 1.2989
  • 1.2989 = intra-day low. 1.3050 = subsequent rally high
  • Cable was trading just north of 1.3050 before it slid to 1.2989
  • Volatility followed UK earnings data beat at 0830GMT nL9N0MN00B
  • EUR/GBP soared to 0.8937 intra-day high when GBP/USD slid to 1.2989
  • Cross plumbed fresh five-week low of 0.8888 after UK earnings beat

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Source:
Thomson Reuters IFR Markets

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