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Jan 05 - 04:55 AM

GBP/USD - Is Far From Locked Down, Even Though England Is

By Rob Howard  —  Jan 05 - 03:17 AM
  • Cable elicited support at 1.3562 after sliding from 1.3613 (early Ldn high)

  • 1.3562 was Asian session low. 1.3613 = high water-mark since 1.3544

  • 1.3544 was Monday's low as GBP dropped ahead of England lockdown news

  • See: nL1N2JF09J. 1.3703 was Monday's 32-month high (before lockdown drop)

  • UK's Sunak to offer more help to businesses on Tuesday - Gove nL8N2JG12W

  • Net GBP long held by IMM speculators eased in week to Dec 29 nL1N2JG0AU

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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