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Dec 31 - 06:12 AM
GBP/USD - Holds Above 1.3100 After IMM Flip To Net GBP Long
First appeared on eFXplus on Dec 31 - 03:05 AM
  • Cable elicited fresh support pre-1.3100 after retreating from 1.3135

  • 1.3135 was the Asian session high. 1.3106 = early Europe intra-day low

  • Bids just shy of 1.3100 based prior retreat from Monday's high of 1.3150

  • Ascent to 1.3150 influenced by year-end USD selling: 1.2905 was pre-Xmas low

  • CFTC data showed first net GBP long position since April in week to Dec 24

  • See: nL1N2940UXnL1N2940UG. Biggest net GBP long since June 2018

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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