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Jun 26 - 03:55 PM

GBP/USD - Slips To 1-Month Low As Brexit, COVID Angst Rises

By Paul Spirgel  —  Jun 26 - 02:00 PM
  • GBP/USD ends NY 1.2345 -0.65%, NorAm range 1.2417-1.2314

  • Pair sold into Lon fix, rallies a touch into NY close; bias remains down

  • GBP extends slide as EU-UK trade stalemate adds to virus woes nL1N2E30PE

  • Heightened Brexit & Covit anxieties, lower glbl growth view weigh on GBP

  • Beyond Fri low supt at 1.2293, the daily cloud top, res at 1.2425 the 55-DMA

  • EUR/GBP +0.71% at 0.9097, new 3-month high, break above daily cloud top give bulls increased vigor

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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