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Jul 28 - 06:55 AM

GBP/USD - Up To Threaten 1.22 Before U.S. Q2 GDP Data

By Rob Howard  —  Jul 28 - 05:05 AM
  • Cable hits 1.2191 after probing above 1.2187 (Wednesday's peak)

  • 1.2191 is highest level since June 29 (1.2212 was the high that day)

  • Pound continues to benefit from post-Fed rise in risk appetite nL8N2Z93VB

  • More: nL1N2Z83DCnL1N2Z8227. GBP is risk-sensitive; USD is safe-haven

  • U.S. Q2 GDP data due 1230 GMT; +0.5% forecast (Reuters poll) nL1N2YM1F1

  • GBP/EUR rises to highest level since May 2, just shy of 1.1950 nL1N2Z90MR

Source:
Refinitiv IFR Research/Market Commentary

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