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 rides sharp drop
Despite a sharp drop yesterday following US durable goods, the pair has managed to hold above $1.24 for the time being. So far the pair has yet to make a real attempt to break below $1.23.
A close below here would open the way to $1.21. If the price rallies to $1.25 then it may push on to key resistance at $1.2557 and then on towards $1.27.