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Derived real-time data in partnership with:
Thomson Reuters
Sep 13 - 12:12 PM
GBP/USD - Scales Six-Week Peak As More Shorts Squeezed
First appeared on eFXplus on Sep 13 - 09:50 AM
  • Cable threatens 1.3129 after more shorts cover on the break above 1.3100
  • 1.3129 was August 2 high (after BoE raised interest rates)
  • Ascent through 1.3100 fuelled by sub-f/c US inflation data
  • Resistance levels beyond 1.3129 include 1.3146 and 1.3187
  • BoE held Bank Rate at 0.75 pct today, as expected nL5N1VZ3G8

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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