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Aug 07 - 12:12 PM
GBP/USD - Bids Expected By Monday's Low And The 31-Month Low
First appeared on eFXplus on Aug 07 - 09:55 AM
  • Bids may emerge near 1.2100 if cable drops through 1.2123 (intra-day low)
  • 1.2102 was Monday's low. More bids likely by 1.2080 (31-month low last week)
  • Drop to 1.2080 was fuelled by Halloween no-deal Brexit fear nL8N2532NV
  • GBP/USD offers expected above 1.2200 . 1.2209 was Tuesday's high
  • 1.2250 was July 31 high, after month-end buying of GBP pre-Fed rate cut
  • Traders raise bets on three more U.S. rate cuts in 2019

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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