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Jun 22 - 06:55 AM

GBP/USD - Gives Up Half Of Monday's One-And-A-Half Cent Gain

By Rob Howard  —  Jun 22 - 05:26 AM
  • Cable hits 1.3861 after extending south from 1.3940 (Asian session high)

  • 1.3861 = 50% retracement of Monday's rise from 1.3787 to 1.3936 nL2N2O40AW

  • Monday's climb was fuelled by risk appetite rise and M&A news nL5N2O3171

  • MPs set to intervene in Morrisons takeover battle - Telegraph nL3N2O3455

  • Prior drop to 1.3787 (nine-week low) was spurred by hawkish Fed dot plots

  • Powell speaks later nN9N2M1016nL2N2O31HY. BoE MPA Thursday nL5N2O03IF

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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