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Derived real-time data in partnership with:
Thomson Reuters
Jan 10 - 06:12 AM
GBP/USD - Offers Around 1.28 Remain A Roadblock For Bulls
First appeared on eFXplus on Jan 10 - 03:50 AM
  • Sell orders around 1.2800 have capped cable gains in recent days
  • Gains fuelled by USD selling on dovish shift in Fed expectations
  • GBP/USD was trading sub-1.27 before dovish Powell comments Jan 4
  • See: nL1N1Z40W7 nL1N1Z90KY. Powell speaks again at 1745GMT today
  • Euro has outperformed GBP, due to Brexit uncertainty nL1N1ZA06I
  • Cable stops may be sheltering above 1.2814 (Dec 31 high)

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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