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Refinitiv
Dec 26 - 12:12 PM
GBP/USD - Supported Ahead Of Weekly Cloud Top By 1.2895
First appeared on eFXplus on Dec 26 - 10:20 AM
  • GBP/USD rises to 1.2987 +0.32%, off NorAm low 1.2965; Thurs range 1.2999-65

  • Liquidity light owing to Holiday and year-end

  • Brexit uncertainty lingers on no-extension period delay talk nL1N28R0OJ

  • Brexit overhang to keep BoE rates steady, adds downward pressure on GBP

  • GBP/USD supt by weekly cloud (1.2895-83), res 1.3023 30-DMA

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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