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Sep 19 - 03:48 PM
GBP/USD - Rises To New Trend High On Juncker Brexit Deal Comments
First appeared on eFXplus on Sep 19 - 01:25 PM
  • GBP firm into close ending NY 1.2540, NorAm range 1.2537-1.2438

  • Pair rose from just below 1.25 on Juncker Brexit deal comments

  • Sterling's BoE boost fleeting without Brexit progress

  • GBP bulls need more than just delay to rally beyond recent highs

  • Close abv 1.2500 sets stage for 1.2670 50% Fib of 1.3380-1.1959 (2019 range)

  • EUR/GBP -0.32% at 0.8817, Thurs range 0.8894-0.8816; soft-Brexit=firm GBP

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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