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Feb 27 - 07:55 AM

GBP/USD - Rises Towards 1.20 Before Expected N.Ireland Deal

By Rob Howard  —  Feb 27 - 05:40 AM
  • Cable rises to 1.1984 (intra-day high) before von der Leyen and Sunak meet

  • EU and UK leaders to finalise Northern Ireland deal nL1N3570EU

  • 1.1923 was intra-day low at 0643 GMT (1.1928 was Friday's low) nL1N3570E9

  • Warmer relations between EU and UK would be positive for the pound

  • GBP/USD resistance levels include 1.2000 and 1.2042 (Friday's high)

  • UK opposition Labour Party warn Britain is in downward spiral nL1N3570I6

Source:
Refinitiv IFR Research/Market Commentary

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