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May 13 - 08:55 AM

GBP/USD - Respects Two-Year Low After Half-Cent Slide

By Rob Howard  —  May 13 - 06:40 AM
  • Cable elicited support at 1.2175 after falling from 1.2229 (intra-day high)

  • 1.2175 was Thursday's NY session low; 10 pips above Thursday's two-year low

  • UK recession fears and Brexit concerns are helping weigh on the pound

  • U.S. delegation to travel to Europe over Northern Ireland worries - Guardian

  • See: nL5N2X51QI. DUP says it will block NI's new legislature nL2N2X50AD

  • CFTC data at 1930 GMT may show 10th consecutive weekly rise in net GBP short

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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