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Dec 23 - 03:55 AM

GBP/USD - Pushes Recovery Envelope From GDP Data-Spurred Low

By Rob Howard  —  Dec 23 - 03:00 AM
  • Cable reaches 1.2067 after pushing recovery envelope from 1.1993 (Dec low)

  • 1.1993 was plumbed on Q3 UK GDP downward revision/U.S. GDP upward revision

  • Lift from 1.1993 aided by profit-taking on shorts pre-Christmas holidays

  • 1.2446 was six-month high last week. 1.2086 and 1.2100 are resistance levels

  • U.S. House to vote on $1.66 trillion spending bill. Deep freeze grips U.S.

  • Thousands of UK ambulance staff to stage more strikes in Jan nL1N33C1GT

Source:
Refinitiv IFR Research/Market Commentary

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