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Dec 08 - 07:55 AM

GBP/USD - Set For Third Consecutive Lower Daily High

By Rob Howard  —  Dec 08 - 05:45 AM
  • Cable has traded 54 pip range thus far Thursday; 1.2161-1.2215

  • If it remains sub-1.2231, it will be third consecutive lower daily high

  • 1.2266 was Tuesday's top (before drop to low just shy of 1.2100 Wednesday)

  • 1.2345 was Monday's 24-week peak (20 cents above September's historic low)

  • On Wednesday, Ireland said EU-UK making progress on NI protocol data sharing

  • See: nL8N32X4ML. The lower the EU-UK tension, the better for the pound

Source:
Refinitiv IFR Research/Market Commentary

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