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Aug 02 - 08:55 AM

GBP/USD - Pivots 1.39 After Ceding Meggitt-News Fuelled Gains

By Rob Howard  —  Aug 02 - 07:39 AM
  • 1.3897 is low water-mark for cable since its early London rise to 1.3932

  • Rise to 1.3932 was fuelled by news Parker to buy Meggitt for GBP 6.5 billion

  • See: nL4N2P919T. 1.3888 was Asian session low (1.3888 was Friday low too)

  • BREAKINGVIEWS-UK plc's latest sale is far from on the cheap nL8N2P9237

  • BoE MPA Thursday is key UK event risk this week nL1N2P90IHnL8N2P63DF

  • IMM speculators remained net GBP short in week to July 27 nL1N2P90B3

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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