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Sep 02 - 06:12 AM
GBP/USD - Drops To Eye 1.2100 As UK Q4 Election Risk Rises
First appeared on eFXplus on Sep 02 - 04:25 AM
  • Cable threatens 1.2100 after extending south from 1.2175 (early Europe high)
  • GBP/USD has not traded sub-1.21 since Aug 20 (1.2065 was the low that day)
  • Increasing risk of a Q4 UK general election is helping weigh on GBP
  • Rees-Mogg: Any wise party always prepares for an election nL9N23Y02K
  • Johnson threatens to purge rebel Brexit Tory MPs from party nL5N25T0OC
  • UK Aug mfg PMI due 0830GMT, 48.4 f/c s 48.0 in July

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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