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Oct 14 - 06:55 AM

GBP/USD - Trades Above 1.37 For First Time In Over Two Weeks

By Rob Howard  —  Oct 14 - 05:01 AM
  • Cable hits 1.3719 after extending north from 1.3590 (post-U.S. CPI data low)

  • 1.3719 is the highest level since Sept 27 (1.3728 was the high that day)

  • Hope EU-UK might agree changes to N.Ireland protocol is positive for GBP

  • See: nL1N2R90D5. Agreeing changes would avert risk of EU-UK trade war

  • 1.3736 and 1.3750 (Sept 23 high) are GBP/USD resistance levels beyond 1.3728

  • UK lenders expect to increase supply of loans in Q4-BoE survey nL9N2PI01Z

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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