Free Trial

GBP/USD: Asia open $1.3374,........>

STERLING SUMMARY
STERLING SUMMARY: GBP/USD: Asia open $1.3374, range $1.3352 - $1.3375, Europe
open $1.3367, range $1.3352 - $1.3386.
* EUR/GBP sits close to the best levels in a month after GBP dipped on news that
PM May has lost a third cabinet member in as many months after Damian Green
stepped down from his role as Deputy PM. Highs of Gbp0.8890 were printed ahead
of European trade.
* GBP/USD has traded within a range of $1.3351 - $1.3387 with resistance touted
at yesterday's highs of $1.3420.
* Strong offers are touted heading into $1.3420 with more resistance seen above
at the Dec15 high of $1.3446.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.