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Jan 19 - 11:55 PM

GBP/USD - Busy, As Soft USD And Upbeat Risk Appetite Supports

By Andrew M Spencer  —  Jan 19 - 10:03 PM
  • +0.15% - USD continues to ease, as risk appetite buoyant on U.S. stimulus

  • Trades at the top of a 1.3632-1.3656 range with solid interest in Asia

  • EUR/GBP also saw plenty of flow, though flat in a 0.8894-0.8904 range

  • UK finance sector revives, cuts staff, reviews office space nL8N2JU4NJ

  • Further staff cuts likely, as UK-EU negotiate services post Brexit

  • Charts; key resistance at 1.3712/26 - Jan high and upper 21 day Bolli band

  • Neutral daily momentum studies, 5, 10 & 21 daily moving averages climb

  • Modest positive setup within January range - breakout will likely be USD led

For more click on FXBUZ


gbp 2 jan 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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