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Thomson Reuters
Jan 25 - 06:12 AM
GBP/USD - Respects Mid-Nov Top After Drop From 11-Week High
First appeared on eFXplus on Jan 25 - 03:50 AM
  • Cable elicits support pre-1.3072 (mid-Nov high) after falling from 1.3140
  • 1.3140 was 11-week high in Asia after Brexit report in The Sun nL1N1ZP05W
  • Fall from that high influenced by profit-taking on long GBP positions
  • EUR/GBP up to 0.8661 after dropping to test 0.8621 (2018 low) in Asia
  • 0.8719 was Thursday's NY high--before German GDP tip hurt euro nL8N1ZO6TE
  • Queen urges UK to find common ground as Brexit crisis deepens nL8N1ZP0PM

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