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Oct 22 - 06:55 AM

GBP/USD - Eyes Ex-Resistance Level After Breaking Below 1.31

By Rob Howard  —  Oct 22 - 05:55 AM
  • Cable elicits support just shy of 1.3083 after dropping through 1.31

  • 1.3083 is a former resistance level (last week's high, Oct 12)

  • More bids expected near 1.3065 (Oct 14 high) and 1.3030 (Oct 16 high)

  • 1.3177 was Wednesday's six-week peak, on news EU-UK trade talks to resume

  • BoE not poised to deploy negative rates, Haldane says nS8N2GL040

  • Swathe of UK hospitality firms see risk of insolvency: ONS nL8N2HD39Q


GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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