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Dec 31 - 07:55 AM

GBP/USD - Retreats After Scaling 31-Month Peak Near 1.37

By Rob Howard  —  Dec 31 - 07:09 AM
  • Cable met headwind pre-1.37 after extending north from 1.3429 (Monday's low)

  • 1.3640 = subsequent pullback low (GBP/USD was last at 1.37 in May 2018)

  • Pound underpinned by EU-UK trade deal agreed on Xmas Eve nL4N2JA2G2

  • 1.3620 (Xmas Eve high) and 1.3600 (Asia low) are support points nL1N2JB0D2

  • UK says decision to suspend U.S. tariffs already paying off nL8N2JB12T

  • UK backtracks over Brexit curbs on cross-border swaps trading nL8N2JB18Z

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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