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Dec 08 - 08:55 AM

GBP/USD - Falls To One-Year Low On Word Of New UK COVID Rules

By Rob Howard  —  Dec 08 - 06:41 AM
  • Cable drops to 1.3186 on word that new UK COVID restrictions are imminent

  • Britain could implement COVID 'plan b' as early as Thursday - reports

  • See: nL8N2ST2N8. 1.3186 is one-year low (1.3135 was Dec 2020 low)

  • UK COVID rule reports come as UK PM faces backlash over Dec 2020 Xmas party

  • See: nL1N2ST0FF. Johnson faces PMQs from MPs from 1200 GMT to 1230 GMT

  • 1.3224 (Monday's low) is now a resistance level. 1.3260 was Asia high

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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