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
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Source:
Refinitiv IFR Research/Market Commentary