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Thomson Reuters
Dec 05 - 07:24 AM
GBP/USD - Runs Into Resistance Ahead Of 1.2750 Again
First appeared on eFXplus on Dec 05 - 05:10 AM
  • Cable met fresh headwind ahead of 1.2750 after rallying off 1.2711
  • 1.2711 was low after UK service PMI miss, 50.4 vs 52.5 f/c nS8N1V7056
  • Offers pre-1.2750 also capped climb from 1.2672 early Europe low
  • See: nL1N1YA083. 1.2750 is 50 pct of Tuesday's fall from 1.2840 to 1.2659
  • EUR/GBP rose to 0.8920 on UK service PMI miss, before dropping to 0.8896
  • 0.8899-0.8932 was early Europe range. 0.8890-0.8945 was Tuesday's range

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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