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Jan 21 - 05:55 AM

GBP/USD - Scales Fresh 32-Month Peak After Vaulting 1.3720

By Rob Howard  —  Jan 21 - 04:11 AM
  • Cable hits 1.3738 after breaking above 1.3720 (Wednesday's high)

  • 1.3738 is the highest level since May 2018 (1.3773 was the high that month)

  • GBP rise aided by global equity gains and lower risk of sub-zero BoE rates

  • UK's speedy rollout of COVID-19 vaccines is also positive for the pound

  • Britain has given 4.6 million people a first dose of a COVID-19 vaccine

  • See: nL8N2JV5C2. 1.3700 (former resistance level) is now a support point

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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