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Jun 09 - 08:55 AM

GBP/USD - May Play Follow The Leader Through ECB Event Risk

By Rob Howard  —  Jun 09 - 06:50 AM
  • Cable may play follow the EUR/USD leader through ECB event risk nL1N2XW0AB

  • EUR/USD gains on ultra-hawkish ECB might lift GBP/USD towards 1.26

  • Whereas less hawkish than expected ECB could weigh on the euro, and cable

  • 1.26 was Tuesday's high, after shorts squeezed following drop to 1.2433

  • 1.2433 = lowest level since May 19, courtesy of political damage to UK PM

  • Ladbrokes-3/1 Johnson replaced as PM in Q3 nL1N2XW0P3nL1N2XU0K3

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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