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Nov 27 - 08:36 AM
GBP/USD - Up To Threaten 1.29 As GBP/EUR Rises Over Half-A-Cent
First appeared on eFXplus on Nov 27 - 06:20 AM
  • Cable reaches 1.2893 after extending north from 1.2827 (intra-week low)

  • 1.2893 = intra-day high. 1.29 is a resistance level nL1N28707F

  • GBP/EUR up to 1.1712 after an early Europe drop to 1.1650

  • 1.1723 was Monday's one-week high, before ICM poll nL1N2850QW

  • Tories remain odds-on favourite with the bookies to win a majority

  • 1.1734 was six-month high for GBP/EUR at the start of last week (Nov 18)

GBPUSD: Click here

GBPEUR: Click here

Source:
Refinitiv IFR Research/Market Commentary

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