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Nov 17 - 11:55 AM

GBP/USD - Holds Above Monday's High After Easing On Johnson

By Rob Howard  —  Nov 17 - 10:00 AM
  • Cable elicited support pre-1.3242 after easing on Brexit steer from UK PM

  • EU deal is far from certain, Johnson tells ministers nL8N2I3486

  • 1.3242 was Monday's high (which a Fibonacci level helped define)

  • EU-UK trade deal hope fuelled Ldn am rise to test 1.3271 (another Fibo)

  • See: nL1N2I30XD. U.S. Oct retail sales +0.5% vs +0.3% f/c nL1N2I21XO

  • EUR/GBP fell to 0.8948, low since Thursday, before Johnson's Brexit steer

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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