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Jan 15 - 08:36 AM
GBP/USD - Reclaims 1.30 Handle As Some Profits Are Booked
First appeared on eFXplus on Jan 15 - 06:45 AM
  • 1.3029 is cable high since its sub-f/c UK CPI-spurred drop to 1.2985

  • See: nL1N29K08Y. Recovery aided by some profit-taking on short positions

  • Offers expected near 1.3050 if ascent extends: 1.3042 was late Asia high

  • See: nL1N29K084. 1.3043/45 = last Friday's low/Monday's high

  • UK CPI-spurred low was 30 pips shy of Tuesday's post-Christmas low

  • BoE MPC dove Saunders warns of risk of low inflation trap nL8N29K2CQ

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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