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Dec 30 - 08:36 AM
GBP/USD - Respects Asia High As Clock Ticks Towards 2020
First appeared on eFXplus on Dec 30 - 06:40 AM
  • Cable tested 1.3125 twice during the European am: 1.3087 = interim low

  • 1.3125 was the Asian session peak, and the highest level since Dec 19

  • See: nL1N29402V. 1.3087 was seven pips shy of the Asian session base

  • Chicago PMI due 1445GMT, 48.0 f/c. Miss could weigh on the USD

  • CFTC data for week to Dec 24 is due for release at 2030GMT nL1N294035

  • Net GBP short fell to a seven-month low in week to Dec 17 nL1N28X04E



GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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