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Sep 11 - 06:55 AM

GBP/USD - Falls To Seven-Week Low On Fear Of Chaotic Brexit

By Rob Howard  —  Sep 11 - 05:50 AM
  • Cable hits 1.2763 after sliding from 1.2863 (early Ldn intra-day peak)

  • 1.2763 is the lowest level since July 24 (1.2718 was the low that day)

  • Pound is suffering on chaotic Brexit fears nL8N2G81GJnL8N2G81DC

  • GBP/EUR falls to its lowest level since March 24, 1.0765 nL1N2G809D

  • GBP/USD bear targets include 1.25, 1.2252 (June low) and 1.20 nL1N2G609S

  • Early Ldn cable peak was scaled on UK-Japan trade deal news nL4N2G81WT

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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