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Oct 08 - 03:55 PM

GBP/USD - Early Sterling Slide Reversed On Talk Of Brexit Deal Progress

By Paul Spirgel  —  Oct 08 - 01:35 PM
  • GBP/USD ending NY +0.16% at 1.2936; NorAm range 1.2949-1.2897

  • Sterling sledding between the daily cloud base and 30-DMA nL1N2GZ0UJ

  • Talk of progress in Brexit talks tempered as significant differences remain

  • Pair safely ensconced w/in daily cloud (1.3241-1.2867), for now

  • EUR/GBP -0.25% at 0.9082, Thurs range 0.9123-0.9070; EUR soft post ECB accts

  • ECB argues for "free hand" to fight pandemic damage nF9N2G601J

  • UK's Frost: Oct. 15 is deadline which both sides must take into account nL8N2GY493

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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