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Sep 24 - 04:55 AM

GBP/USD - Pivots 1.27 As Greenback Rules The Currency Roost

By Rob Howard  —  Sep 24 - 02:35 AM
  • Cable pivots 1.27 as safe-haven USD rules the currency roost nL3N2GL185

  • 1.2692 was Asian session base, 16 pips shy of Wednesday's nine-week low

  • Equity losses contribute to USD strength: S&P 500 closed down 2.37% Weds

  • See: nL2N2GK2DR. 1.2776 was Wednesday's high (1.2776 = Monday's low)

  • EU's Barnier was in London for Brexit talks on Wednesday nL5N2GK25A

  • Sunak to announce new plans to support UK jobs around 1130GMT nL5N2GK13O

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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