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Dec 10 - 03:55 AM

GBP/USD - Eyes Asian Session Low After UK Oct GDP Below F/c

By Rob Howard  —  Dec 10 - 02:31 AM
  • Cable eyes 1.3215 (Asian session low) after UK Oct GDP comes in below f/c

  • Up 0.1% vs +0.4% f/c nL8N2SV16T. 1.3231 was Asian session top nL1N2SV048

  • 1.3200, 1.3173 (Thursday's low) and 1.3162 are support points below 1.3215

  • There is a large 1.3200 option expiry for the 10am ET NY cut nL4N2SV1G6

  • 1.3162 was Wednesday's one-year low, on word of new UK restrictions vs COVID

  • See: nL8N2ST2N8. U.S. Nov CPI data due 1330 GMT, +6.8% YY f/c nL1N2SU1G4

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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