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Thomson Reuters
Jul 10 - 05:00 AM
GBP/USD - On The Climb Ahead Of New UK GDP Measure
First appeared on eFXplus on Jul 10 - 03:15 AM
  • Cable has risen from 1.3225 to test 1.3270 in early European trade
  • 1.3270 was recovery rally high from Monday's low of 1.3189
  • Ascent precedes new ONS monthly reading of UK economic growth at 0830GMT
  • May GDP f/c +0.3%. Beat would be positive for GBP nL1N1U006E
  • Monday's drop to 1.3189 was spurred by Boris Johnson's resignation
  • See: nL8N1U40XR. 1.3276 is 50% of Monday's fall from 1.3363 to 1.3189

UK data: Click here

Source:
Thomson Reuters IFR Markets

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