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Sep 08 - 08:55 AM

GBP/USD - Drops Closer To 1.30 On Bad Vibe Brexit News

By Rob Howard  —  Sep 08 - 06:50 AM
  • Cable hits 1.3021 as Brexit-related news continues to weigh on GBP

  • Head of UK government's legal department quits over Brexit deal threat - FT

  • See: nL8N2G52J0. 1.3021 is the lowest level since August 12

  • Drop to 1.3021 follows Monday's 1% slide to 1.3139 on Brexit-related news

  • See: nL8N2G40SA. Bids may emerge around 1.3000 if GBP/USD extends south

  • 1.2993 is 23.6% Fibo of 1.1413 (March's 35-year low) to 1.3481

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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