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Jun 03 - 02:36 AM

GBP/USD - Hits One-Month High Amid Ray Of Light Pre-EU Talks

By Rob Howard  —  Jun 02 - 02:45 AM
  • Cable rises to 1.2554 amid a ray of light before latest EU-UK trade talks

  • 'We'll compromise if you do too, Britain tells EU' - The Times nFWN2DE0TG

  • 1.2554 is the highest level since May 1 (1.2600 was the high that day)

  • Recent GBP losses were influenced by pessimism about the EU-UK trade talks

  • UK PM Johnson plans talks with EU's von der Leyen this month-FT nFWN2DE0PZ

  • 1.2525 (Asia high) and 1.2506 (Monday's high) are now GBP/USD support levels

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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