By Rob Howard — Feb 20 - 02:55 AM
Cable climbs to 1.2055 as China equity gains buoy risk-sensitive pound
SSEC closed up 2.1% nAZN12FKXV. 1.2055 is highest level since Thursday
1.2015 was Asia low following pre-weekend rise from 1.1915 to 1.2049
Ascent from 1.1915 (six-week low) aided by profit-taking on short positions
1.2269 was last week's peak (Feb 14). 1.2074 was Thursday's high
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Source:
Refinitiv IFR Research/Market Commentary