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Jan 16 - 12:12 PM
GBP/USD - Retreats After Filling The Vlieghe Gap
First appeared on eFXplus on Jan 16 - 10:10 AM
  • Cable retreats to eye 1.3042 (Wednesday top) after filling the 'Vlieghe gap'

  • Gap was filled when GBP/USD scaled an intra-week peak of 1.3074 pre-U.S data

  • 1.3073 = Friday's NY closing level--before a gap lower at Monday's Asia open

  • The gap was caused by Sunday's dovish steer from Vlieghe nL8N29H01V

  • U.S retail sales rise steadily; weekly jobless claims fall nL1N29K1T5

  • 1.3027-1.3065 was Ldn am range nL1N29L09S. Haldane 1800GMT nL1N29K09Q

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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