Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 08 - 03:55 AM

GBP/USD - 1.2530 Flips To Support After Rise To 3-Week High

By Rob Howard  —  Jul 08 - 02:35 AM
  • Cable elicited support pre-1.2530 (July 2 high) after retreating from 1.2593

  • 1.2593 was 3-week high Tuesday after 130 pip rise on EU-UK compromise hope

  • See: nL8N2EE2ZT. 1.2593 = five pips shy of 61.8% Fibo of 1.2812-1.2252

  • UK would leave EU on Australia terms if no deal reached, UK PM tells Merkel

  • See: nL8N2EE60C. Familiar mantra from Johnson nL1N2EA09KnL1N2E60A8

  • UK Finance Minister Sunak delivers statement to MPs at 1130GMT nL8N2EE3YG

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!