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Mar 13 - 08:36 AM

GBP/USD - Drops To Eye 1.2500 After Failing To Break 1.2625

By Rob Howard  —  Mar 13 - 07:50 AM
  • Cable falls to 1.2506 as short-term longs exit on failure to break 1.2625

  • 1.2625 was early Ldn high nL1N2B606W. GBP/USD matched 1.2625 at 1030GMT

  • 1.2506 = fractionally fresh intra-day low. 1.2507 was Asian session low

  • 1.2490 was Thursday's five-month low after GBP/USD fell 2.5% in eight hours

  • BUZZ-Speculators may soon be short GBP after week that was nL1N2B608P

  • EU's draft new deal envisages close ties with Brexit Britain nL8N2B63AD

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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