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Jan 21 - 02:55 AM

GBP/USD - Helped Towards 1.3720 By Global Equity Gains

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

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