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Jan 31 - 02:36 PM

GBP/USD - Rallies Into Month-End, As Brexit Era Begins

By Paul Spirgel  —  Jan 31 - 01:25 PM
  • GBP remains firm into NY close, +0.78% at 1.3195; NorAm Range 1.3200-1.3120

  • Less-dovish BoE Wed, Brexit today & tipped equity sell programs aid GBP lift

  • Sterling stands tall into Brexit, eyes key Fibo resistance nL1N2A00PH

  • GBP res 1.3208 50% Fib of 1.4377-1.1959, 1.3335 Dec 17 post UK elex high

  • EUR/GBP -0.33% at 0.8397; Fri range 0.8421-0.8388; Brexit euphoria reigns today

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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