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Dec 16 - 04:55 AM

GBP/USD - Eyes Last Week's High Amid Brexit Trade Deal Hope

By Rob Howard  —  Dec 16 - 02:40 AM
  • Cable scales one-week peak of 1.3472 as GBP benefits from EU-UK deal hope

  • On Tuesday, Watt tweeted buzz among MPs is that UK-EU heading towards deal

  • See: nS8N2HC0BN. 1.3472 is four pips shy of last week's high (Dec 9)

  • 1.3280 was Tuesday's low -- before GBP jumped either side of Watt's tweet

  • 1.3500 and 1.3540 (Dec 4, 31-month high) are resistance levels beyond 1.3476

  • UK Nov CPI +0.3% vs +0.6% f/c nL8N2IW17D. UK Nov flash PMIs due 0930GMT

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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