By Rob Howard — Jan 21 - 02:10 AM
Cable rises to 1.3710 as risk-sensitive GBP benefits from equity gains
Asian stocks climb after record high closes on Wall Street Wednesday
See: nL1N2JW0EE. 1.3710 = 10 pips shy of Wednesday's 32-month high
Wednesday's peak was fourth daily high above 1.3700 since 2021 began
GBP buoyed by lower risk of sub-zero BoE rates and speedy UK vaccine rollout
Retreat from 1.3720 based just shy of 1.3621, 50% of 1.3522-1.3720
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary