By Rob Howard — Jan 14 - 07:18 AM
Fresh cable sell orders may be parked around the 1.3700 level
These may cap GBP/USD if it vaults 1.3680 (London morning high)
Prior offers around 1.3700 capped cable gains on Wednesday and last week
1.3701 = Wednesday high, after Bailey talked down prospect of negative rates
See: nL8N2JN1YSnL1N2JP0JQ. 1.3703 was 32-month high on Jan 4
There is a 1.3700 option expiry for the 10am ET NY cut nL1N2JP0G8
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary