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Aug 05 - 06:55 AM

GBP/USD - Falls 64 Pips After Scaling Intra-Week Peak

By Rob Howard  —  Aug 05 - 04:45 AM
  • Cable retreats to 1.3059 after scaling an intra-week peak of 1.3123

  • 1.3059 = intra-day low (1.3067-1.3097 was Asian session range)

  • Third day in a row in which a GBP/USD rise preceded a fall nL1N2F706V

  • Early August volatility follows July's 5.5% gain, biggest for 11 years

  • UK final July service PMI 56.5 vs 56.6 flash estimate nZRN000LRO

  • BoE MPA/MPR on Thursday at 0600GMT nL1N2F7083nL5N2F19J9

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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