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Sep 03 - 04:55 AM

GBP/USD - Drops Through 1.33 To Threaten Wednesday's Low

By Rob Howard  —  Sep 03 - 02:45 AM
  • Cable eyes 1.3284 after extending south from 1.3360 (Asian session high)

  • 1.3284 = Wednesday's intra-week low (1.3285 was August 27 high)

  • Wednesday's low was plumbed after two cent slide in just over 24 hours

  • Slide influenced by profit-taking on longs: 1.3481 was 8-month high Tuesday

  • 1.3266 (Aug 19 high) is a support point under Wednesday's low

  • EU-UK talks resume next week nL8N2FZ3ET. Next BoE MPA Sept 17 nL8N2FZ41G

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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