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GBP/USD: Bulls get a day in the sun on M&A speculation, economic data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The big news in global markets today is Anheuser-Busch In Bev’s higher buyout offer to SAB Miller. After the British-domiciled SAB Miller turned down offers of £38 and £40 per share earlier, AB In Bev raised its latest proposal to £42.15/share for a total value of $104B. If accepted and approved by anti-trust regulators (a big risk to any potential merger), the deal would create an international behemoth responsible for about one-third of global beer supply. Not surprisingly, the news has had

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