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Oct 02 - 07:24 AM
GBP/USD - Drops Towards 1-Mth Low On UK Construction PMI Miss
First appeared on eFXplus on Oct 02 - 05:10 AM
  • Cable falls to 1.2227 after worse-than-expected UK Sept construction PMI

  • 43.3 vs 45.0 f/c nL3N26M33A. 1.2227 = intra-day low

  • Bids may emerge near 1.2205 (Tuesday's 1-month low) if GBP/USD extends south

  • 1.2252 (early Europe low) is now a resistance level

  • UK PM Johnson to unveil 'final Brexit offer' to EU today nL3N26M33A

  • The EU's reaction to that offer will impact the pound nL2N26N05U

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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