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Dec 30 - 02:55 AM

GBP/USD - Holds Above 1.20 Before Year-End

By Rob Howard  —  Dec 30 - 02:20 AM
  • Cable respects Thursday's 1.2017-1.2075 range ahead of year-end

  • Thursday's range was within Wednesday's 1.2003-1.2126 parameters

  • 1.2003 was 10 pips shy of last week's low (Dec 22). 1.2005 was Tuesday's low

  • There is a large 1.2000 option expiry for the 10am ET NY cut nL1N33J0C3

  • UK's Sunak to halve support that helps businesses pay fuel bills - The Times

  • See: nL1N33J1YK. 1.0327-1.3749 was GBP/USD range in 2022 (low under Truss)

Source:
Refinitiv IFR Research/Market Commentary

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