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Thomson Reuters
Dec 03 - 05:00 AM
GBP/USD - Buoyed By Short-Covering, Rise In Risk Appetite
First appeared on eFXplus on Dec 03 - 03:10 AM
  • GBP reclaims 1.28 handle as rise in risk appetite spurs more short-covering
  • Rise in risk appetite prompted by U.S/China agreeing trade war ceasefire
  • See: . SSEC closed up 2.6 pct nL8N1Y8023. S&P e-mini up 2 pct
  • Prior GBP/USD short-covering after pair elicted support pre-1.2725 in Asia
  • 1.2725 = Nov 15/27 lows. 1.2733 was Asia low vs 1.2790 early Asia high
  • Offers expected near 1.2850 (Nov 29 high) if cable extends north

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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