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Sep 10 - 04:55 AM

GBP/USD - Rises To Two-Day High Before Emergency Brexit Talks

By Rob Howard  —  Sep 10 - 02:35 AM
  • Cable rises to 1.3035 (two-day high) before emergency Brexit talks in London

  • EU seeks "clarifications" from UK on implementation of WA nL8N2G70SY

  • 1.3035 is 150 pips above Wednesday's six-week low (plumbed on Brexit fears)

  • Catalyst for rally from 1.2885 was EUR/USD jump on ECB report nL1N2G60P7

  • Rally extended to 1.3022 on news EU would not seek to suspend Brexit talks

  • See: nL8N2G6488. ECB meets today nL8N2G63QT. 1.2978 = GBP/USD Asia low

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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