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Feb 10 - 05:55 AM

GBP/USD - Rises To New 34-Month High Near 1.3850

By Rob Howard  —  Feb 10 - 03:45 AM
  • Cable hits 1.3845 after vaulting the peak of its 1.3803-1.3827 Asia range

  • See: nL1N2KG0HH. 1.3845 is the highest level since April 2018

  • Cryptocurrency strength is helping weigh on the safe-haven USD

  • Bitcoin-rival ethereum hit new record high above $1,800 in Asia nL1N2KG06O

  • 1.3680 was Monday's GBP/USD low, before bitcoin soared on Tesla news

  • See: nL1N2KF0L8. Fed Chair Powell will speak at 1900GMT nL1N2KG0JM

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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