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Feb 20 - 04:55 AM

GBP/USD - Helped North By Big Gains For China Stocks

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

  • Sunak: work needed on N.Ireland after 'positive' talks with von der Leyen

Source:
Refinitiv IFR Research/Market Commentary

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