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Aug 12 - 03:48 AM
GBP/USD - Volatile, Plenty Of Flow, As An Election Looms
First appeared on eFXplus on Aug 11 - 11:35 PM
  • +0.1% - busy as Asia opened in a 1.2015/1.2076 range - USD/JPY led USD
  • EUR/GBP flat in a 0.9279/0.9325 range, good interest at Hong Kong open
  • 5, 10 & 21 daily, weekly and monthly MAs track south - strong bearish setup
  • Next stop 1.1983 2017 low - election and no deal Brexit firmly on the table
  • PM Johnson in election mode - to review dangerous offenders nL8N2570EC
  • Telegraph, Labour cancel Sep travel ahead of no confidence vote nL4N2570IC
  • Ireland tells Boris - no backstop renegotiation, UK Guardian nL4N257083

gbp2 aug 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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