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Jan 10 - 06:55 AM

GBP/USD - Trades At 1.36 For The First Time Since November

By Rob Howard  —  Jan 10 - 04:45 AM
  • Cable reaches 1.3602 after probing above 1.3599 (last week's peak)

  • 1.3602 is highest level since Nov 8 (1.3608 was the high that day)

  • Ascent to 1.3602 influenced by Friday's underwhelming U.S. Dec NFP data

  • See: nL1N2TM2F6. BoE rate expectations are a source of support for GBP

  • 74% chance of 25 bps BoE hike Feb 3-Refinitiv estimate based on I/R futures

  • GBP/EUR climbs to fractionally fresh 23-month peak by 1.20 nL1N2TQ0GQ

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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