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Option Expiries in GBP/USD Could Define Range into Tuesday NY Cut

GBP
  • The USD is fading further in recent trade, helping press EUR/USD and GBP/USD back toward the better levels of the session.
  • The high print in EUR/USD remains at the 1.0625 level so far, and further strength in GBP/USD opens 1.2136 initially ahead of the 50-dma at 1.2146.
  • Option interest in GBP/USD could define the range over the next few hours, with expiries layered between 1.2100 and 1.2130: Gbp697mln notional set to roll-off at today's cut
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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