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Nov 12 - 12:12 PM
GBP/USD - Extends North From Pre-UK Data Low Before Trump
First appeared on eFXplus on Nov 12 - 10:10 AM
  • Cable reaches 1.2851 after extending north from 1.2814 (Ldn am low)

  • That low was plumbed before UK employment data nL2N27S08WnL8N27S2VQ

  • Bids around 1.2851 based Monday's retreat from 1.2896 (high since Nov 6)

  • Ascent to 1.2896 was fuelled by an election gift for the Tories nL8N27R45V

  • Tory majority remains odds-on favourite election outcome nL2N27S0DL

  • Trump speech around 1700GMT might impact the USD nL2N27R10DnL2N27S017

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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