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 feeling Brexit weight
Brexit concerns continue to put cable under pressure, although the January low is holding for now. A breach of this area would put the lows of early 2009 for the pair in focus, at $1.3665 and then $1.3504. Any bounce would run into potential resistance around $1.1450 and then on towards $1.4230.