Free Trial

GBP/USD Continues to Erase Post-Mini Budget Losses

GBP
  • GBP strength building through the London close - interestingly similar price action noted at this time yesterday - with GBP/USD inching higher to touch 1.1075.
  • This marks the best level of the week, but still well shy of the next key upside level at 1.1275 - the pre-Mini-Budget high.
  • $1.1209 marks the 1.0% 10-dma envelope and could provide some resistance ahead.
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.