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Thomson Reuters
Jul 10 - 08:36 AM
GBP/USD - Threatens 1.25 After Vaulting 2018 Low Pre-Powell
First appeared on eFXplus on Jul 10 - 06:15 AM
  • Cable ran into resistance just shy of 1.2500 after vaulting 1.2477
  • 1.2500 was Monday's low. 1.2477 = last year's low/Tuesday's NY session high
  • Ascent to threaten 1.25 fuelled by quarterly UK GDP data beat nUKLAIEF8U
  • 1.2445-1.2473 was the early Europe range, pre-UK data
  • Powell will exert fresh market-moving influence over GBP/USD, at 1400GMT
  • See: . 1.2409 (Jan low) is a key support level under 1.2439

GBPUSD: Click here

Source:
Thomson Reuters IFR Research/Market Commentary

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