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Aug 18 - 03:55 AM

GBP/USD - Tests Last Week's High Amid U.S. Election Fears

By Rob Howard  —  Aug 18 - 02:20 AM
  • Cable up to test 1.3143 on USD selling amid U.S. election fears nL1N2FJ0GZ

  • 1.3143 was last week's high (Friday). 1.3074-1.3121 was Monday's range

  • Odds suggest 57% chance of Biden win vs 63% a fortnight ago nL1N2FJ09C

  • Offers may emerge near 1.3185 and 1.32 if GBP/USD extends north

  • 1.3185 was five-month high on Aug 6, after less dovish than expected BoE

  • 1.32 was March high. Stops may be sheltering above 1.3210 (Jan 7/31 high)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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