Derived Data That Drive Results
By Rob Howard — Dec 02 - 11:50 AM
GBP/USD elicits support by 1.2613-16 after following EUR/USD south
1.2613/16 = Nov 25/26 high. EUR/USD losses due to French political news
Pre-weekend cable high was 1.2746 - before Trump's "mighty" USD guidance
Dollar also benefits from ISM mfg index beat, upward revision to US mfg PMI
There are large 1.2600 option expiries later this week (Wednesday-Thursday)
1.2663 (early NY low) is now a GBP/USD resistance level, with 1.2700 beyond
GBPUSD Click here
Source:
London Stock Exchange Group | Thomson Reuters
