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Jan 14 - 07:55 AM

GBP/USD - Offers Expected Around 1.37 Again

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

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