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Dec 13 - 02:36 PM
GBP/USD - Early Gains Dialed Back, Traders Eye Next Brexit Phase
First appeared on eFXplus on Dec 13 - 01:20 PM
  • GBP/USD ends NY by session low, +1.17% at 1.3333; NorAm range 1.3394-06

  • Cable well off post-elex high 1.3516, large option int 1.32-1.35 anchors

  • Attn turns to transition period which runs to Dec 2020, extension a issue

  • Brexit reality sets in as sterling election gains cut in half nL1N28N0GR

  • GBP/USD supt NorAm low 1.3310 area, 1.3240 upper 30-d Bolli (fmr res)

  • EUR/GBP -1.32% to 0.8341, Fri range 0.8426-0.8278, EUR dips on tariff talk

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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