The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
GBP/USD prepped for volatility
All eyes are on the prime minister as she prepares to issue her speech at 11.45am today (GMT). We saw a significant bounce from the lows seen at the beginning of the session on Monday, with the $1.20 level holding as support.
It is likely to be a volatile session, so the price should be treated with care. A break through $1.2150 would target $1.22 and then $1.2329, while a sudden turn south back towards $1.20 would need to break this level to open the way to $1.19 and then $1.1772.