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Jan 09 - 02:36 AM
GBP/USD - Gently Bid As Sterling Optimists Hold Sway
First appeared on eFXplus on Jan 08 - 10:10 PM
  • +0.1% in a tight 1.3099/1.3111 range with modest flow, in a cautious Asia

  • Weak 2019 UK retail sales data amid political uncertainty - BRC nL5N1KT27Z

  • GBP resilient, despite wide differences at yesterday's UK-EU trade talks

  • Upbeat Johnson comments and proposals underpin GBP optimism nS8N26200B

  • Can PM deliver? Or are economists correct on negative Brexit economic impact

  • Neutral charts, momentum studies flat line, 5, 10 & 21 DMAs conflict

  • 1.2900 Dec low and 1.3281/84 61.8% Dec fall and Dec 31 high, are broad range

  • 1.3081 NY low and London 1.3169 high initial support-resistance

























gbp2 jan 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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