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Dec 09 - 06:55 AM

GBP/USD - Climbs To Intra-Week Peak Before Johnson's EU Talks

By Rob Howard  —  Dec 09 - 05:05 AM
  • GBP/USD rises to 1.3449 before UK PM Johnson heads to Brussels nL8N2IP1BD

  • 1.3449 is the highest level this week (1.3540 was Friday's 31-month high)

  • The pound has also risen to an intra-week high against the euro nL1N2IP0M9

  • 1.3466 is a GBP/USD resistance level, 76.4% Fibo of 1.3540 to 1.3225

  • 1.3225 was Monday's two-week low, as fears of no EU-UK trade deal hurt GBP

  • There is still the chance of an EU-UK trade deal, Merkel says nL8N2IP25J

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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