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Thomson Reuters
Nov 07 - 03:48 PM
GBP/USD - Up On Broad USD Weakness Despite No Brexit Progress
First appeared on eFXplus on Nov 07 - 01:40 PM
  • GBP/USD ending NY +0.3% at 1.3140, NorAm range 1.3167-1.3120
  • Pair firm post US elex, split congress weighs on USD DXY -0.4%
  • GBP a touch firmer in NY aft as UK seen edging toward Brexit deal by end-Nov
  • Irish border remains significant obstacle to Brexit deal nL8N1XI3DV
  • EUR/GBP off 0.04% to 0.8714, Wed range 0.8746-0.8712; moves mostly USD based
  • GBP/USD above daily cloud eyes 10-DMA res 1.3186, then 1.3259 Oct 12 high

Chart: Click here

Source:
Thomson Reuters IFR Markets

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