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Jul 15 - 03:48 PM
GBP/USD - Brexit Fears Weigh On GBP/USD, Bears Eye 2019 Low By 1.2409
First appeared on eFXplus on Jul 15 - 01:40 PM
  • GBP/USD drips lower -0.52% at 1.2513; NorAm range 1.2551-1.2510
  • UK politics and Brexit concerns keep downward pressure on the pound
  • GBP/USD dragged down as Brexit, lower rate view weigh
  • Lower lows, lower highs a concern for GBP bulls, 2019 low 1.2409 in view
  • GBP net shorts on IMM grow as GBP sellers outstrip steady long component
  • EUR/GBP +0.44% at 0.8995, lingering Brexit fears eye trend high 0.9010

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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