Free Trial

GBP garnering some modest support as.......>

STERLING
STERLING: GBP garnering some modest support as newswires run reports of UK PM
May's interview with the Express newspaper here in the UK. The PM has noted that
the UK's "exit deal is virtually agreed" and pushes back against the idea of a
second referendum. 
- GBP/USD last deals at ~1.3165, resistance noted at Tuesday's intraday high
($1.3172), followed by the July 31 high ($1.3173) and then the 1.618% swing of
the move from $1.3043 to $1.2786 ($1.3202).
- EURGBP last GBP0.8870, support noted at the 100-DMA (GBP0.8863), followed by
the August 02 low (GBP0.8854).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.