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Aug 05 - 03:48 PM
GBP/USD - Steady Amid Broad USD Offer, Despite Prevailing Brexit Tones
First appeared on eFXplus on Aug 05 - 01:45 PM
  • GBP/USD ending NorAm -0.08% at 1.2150; NorAm range 1.2174-1.2119
  • Brexit weighs on GBP despite broad USD selling as yuan breaches 7.00
  • China yuan move gives sterling temporary reprieve
  • Traders eye no-deal, general elex, possible 2nd referendum risks for GBP
  • GBP/USD supt sub-1.2080 intact for now, Jan 2017 low 1.1983 remain in focus

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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