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Thomson Reuters
Nov 23 - 06:12 AM
GBP/USD Follows EUR/USD South After German PMI Misses
First appeared on eFXplus on Nov 23 - 04:00 AM
  • Cable drops to 1.2832 intra-day low as EUR/USD falls on sub-f/c German PMIs
  • See: nS8N1XG05Y. Simultaneous EUR/GBP drop to threaten 0.8854
  • 0.8854 was Asia low. Cross rose to 0.8877 intra-day high pre-German data
  • Rise followed Raab prediction MPs to reject May's Brexit deal nL9N1XN00X
  • 0.8841 was Thursday's intra-week low on EU/UK draft deal news nL8N1XX336
  • 1.2800 is a GBP/USD support level (pair sub-1.28 before EU/UK news Thursday)

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