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Nov 15 - 04:55 AM

GBP/USD - Holds Above 1.34 After Lift From 11-Month Low

By Rob Howard  —  Nov 15 - 02:42 AM
  • Cable has traded a 27 pip range thus far Monday, 1.3413-1.3440

  • 1.3440 is also the highest level since Friday's 11-month low of 1.3354

  • Pre-weekend gains for GBP were influenced by Sefcovic comments/Brexit vibe

  • EU's Sefcovic was cautiously optimistic after talks with Frost nL1N2S30CW

  • 1.3451 (Nov 8 low), 1.3467 and 1.35 are resistance levels beyond 1.3440

  • BoE's Bailey to speak to lawmakers about Nov 4 rate hold decision 1430 GMT

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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