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Thomson Reuters
Jun 07 - 12:12 PM
GBP/USD - On The Back Foot On Brexit Backstop Plan
First appeared on eFXplus on Jun 07 - 10:15 AM
  • GBP weaker after UK sets out plan for temporary Brexit backstop arrangements
  • See: nL5N1T94LJ nL5N1T91TF. Cable down to threaten 1.3370 again
  • 1.3370 is 38.2% of 1.3205 (last week's 6mth low) to 1.3472 (Ldn am high)
  • 1.3375 was early NY low as Brexit politics hurt the pound
  • BoE's Ramsden to speak at Barclays Inflation Conference in London at 1500GMT
  • Aug BoE rate verdict is currently a coin toss between hike/hold

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