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Derived real-time data in partnership with:
Thomson Reuters
Oct 24 - 02:36 PM
GBP/USD - Helped Off 7-Week Low By Profit-Take Flow Pre-May
First appeared on eFXplus on Oct 24 - 10:25 AM
  • Half-cent cable rise from 1.2889 aided by some profit-taking on shorts
  • 1.2889 = seven-week low (early NY). 1.2974-1.2991 was range in Asia today
  • Drop to 1.2889 influenced by event risk of UK PM May's address to Tory MPs
  • See: nL8N1X457G. Reaction of Tory MPs will also impact GBP
  • Paddy Power has shortened the odds of a 2018 Tory leadership contest to 6/4
  • Bookie quoted odds of 2/1 Monday vs 12/5 last Friday and 7/2 last Wednesday

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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