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Jul 31 - 08:55 AM

GBP/USD - Close To 21-Week High After 7 Cent Rise This Month

By Rob Howard  —  Jul 31 - 07:05 AM
  • Cable scaled a fractionally fresh 21-week peak of 1.3145 during the Ldn am

  • Subsequent retreat based just shy of 1.3100 (1.3102 was Thursday's high)

  • 1.31 is 7 cents higher than cable's opening level at the start of this month

  • Sizeable rise primarily due to negative USD vibe nL2N2F20AX

  • Second wave? UK tightens lockdown in northern England nL5N2F21XD

  • BoE MPA next week, no change to rates or QE expected nL5N2F19J9

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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