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Jul 27 - 04:55 AM

GBP/USD - Holds Above 1.28 After Scaling 4-Month Peak In Asia

By Rob Howard  —  Jul 27 - 02:40 AM
  • 1.2823 is the low water-mark for GBP/USD since it reached 1.2858 in Asia

  • See: nL2N2EY03V. 1.2858 = highest level since March 11

  • Asia gains followed biggest weekly rise since early June nL5N2EV2VB

  • USD weakness precedes FOMC meeting (Tuesday-Wednesday) nL2N2EU1A4

  • 1.2812 (June 10 top) and 1.2803 (Friday's high) are now cable support levels

  • IMM speculators raised GBP exposure by 7.5% in week to July 21 nL2N2EY05Z

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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