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Oct 24 - 12:12 PM
GBP/USD - Drops To Intra-Day Low Amid UK Election Speculation
First appeared on eFXplus on Oct 24 - 10:15 AM
  • Cable hits 1.2859 (intra-day low) after extending south from 1.2927

  • 1.2927 was high just before 1300GMT after positive steer from McDonnell

  • Labour seeking compromise timetable for Brexit law - McDonnell nL5N2796KQ

  • Risk of a snap UK general election is helping weigh on GBP nS8N25X02A

  • GBP/USD bids may be lurking near 1.2841, with stops sheltering below

  • 1.2841 was Oct 18 low -- which was threatened/respected twice on Wednesday

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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