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Thomson Reuters
Jun 11 - 09:48 PM
GBP/USD - PM Contest Has Lots Of Noise, Little Viable Policy
First appeared on eFXplus on Jun 11 - 07:50 PM
  • Flat, opened +0.3%, on better than expected pay and hawkish BoE nL8N23I30Y
  • Contest for new PM heats up - many promises - most unviable nL8N23I1LD
  • EU won't renegotiate the Brexit deal - UK politics in turmoil nL8N23I5ZY
  • Conflicting momentum studies, 5, 10 & 21 DMAs coil - neutral setup
  • Significant levels are 1.2800, 38.2% of the May fall and 1.2560 May low
  • Early London 1.2671 low and NY 1.2732 high initial support/resistance

gbp jun 12 Click here

Source:
Thomson Reuters IFR Markets

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