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Jan 03 - 04:55 AM

GBP/USD - Starts 2023 As It Ended 2022, Above 1.20

By Rob Howard  —  Jan 03 - 02:50 AM
  • Cable is starting the new year as it ended the last; above 1.2000

  • 1.2003 was last week's low, Dec 28 (1.1993 was last month's low, Dec 22)

  • There are GBP 1 billion 1.2000 option expiries through the end of next week

  • 1.2080 = intra-day top (1.2091 was Monday high); offers expected above 1.21

  • Last Friday's high was 1.2105 (Dec 30). Last week's high was 1.2126 (Dec 28)

  • Independent-Northern Ireland protocol "too strict", admits Irish PM Varadkar

Source:
Refinitiv IFR Research/Market Commentary

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