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GBP Volumes Inching Higher Headed into NY Crossover

GBP
  • Volumes picking up slightly again across GBP futures on the latest drift lower in GBPUSD. Weakness through 1.2739 would put the pair at new daily lows and open losses toward 1.2691 and below.
  • Notably 1.2735 also marks the 23.6% retracement for the early June leg higher - level has been tested, but markets have failed to significantly break below.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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