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Thomson Reuters
Jan 11 - 06:12 AM
GBP/USD - Drops To Threaten 1.2700 Before UK Economic Data
First appeared on eFXplus on Jan 11 - 04:30 AM
  • Cable drops to a three-day low of 1.2710 before a raft of UK data at 0930GMT
  • Simultaneous EUR/GBP rise to 0.9062 (highest level since Jan 3)
  • Bids ahead of 1.2700 based GBP/USD at an intra-week low of 1.2708 Tuesday
  • 1.2700 = ex-resistance level (shorts covered after break above 1.2700 Jan 4)
  • UK Nov GDP, industrial, mfg, construction output and trade data due 0930GMT
  • HF manager Odey bets on GBP rise/predicts Brexit won't happen nL9N1Y100N

UK data: Click here

Source:
Thomson Reuters IFR Markets

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