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Dec 17 - 03:55 AM

GBP/USD - Holds Above 1.33 After Tory Loss And UK Retail Beat

By Rob Howard  —  Dec 17 - 02:35 AM
  • Cable remains above 1.3300 following Tory by-election loss and UK data beat

  • LibDems won North Shropshire seat from PM Johnson's party nL1N2T2040

  • UK Nov retail sales +1.4% MM vs +0.8% f/c, +4.7% YY vs 4.2% f/c nL8N2T217Y

  • 1.3302 was high before Thursday's BoE rate hike nL1N2T10MHnL8N2T16TF

  • 1.3304 was pullback low from 1.3375 (three-week high on BoE hike surprise)

  • UK COVID cases hit record high for second day running Thursday nL8N2T140H

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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