By Rob Howard — Feb 12 - 05:45 AM
Cable has traded a 29 pip range since the London open, 1.3776-1.3805
1.3776 marks the lowest level since Tuesday (courtesy of USD buy-backs)
Support points below 1.3776 include 1.3759 (Jan high) and 1.3740
1.3740 was Feb 5 high (after disappointing U.S. NFP data hurt the USD)
UK GDP fell 9.9% in 2020, steepest drop since 1709 nL8N2KI1UV
Double-dip recession avoided, thanks to positive Q4 GDP number nL1N2KI0C6
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary