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Dec 14 - 07:55 PM

GBP/USD - Gives Back Chunk Of Early Gains Amid Brexit, COVID-19 Angst

By Randolph Donney  —  Dec 14 - 02:25 PM

  • Big early risk-on rise to 1.3444 as Brexit talks extended nL8N2IU12T

  • But UK ratings and pandemic restrictions test bulls' mettle nL1N2IU1OZ

  • EUR/USD-led NY selloff holds above Asia's 1.3295 low thus far

  • Still up well on day as UK and EU both seen trying to avoid no-deal

  • But bulls, who went net long on IMM last week, need an eventual deal

  • Last week's 1.3135 low showed good demand by 55-DMA, M-T tech props

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Source:
Refinitiv IFR Research/Market Commentary

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