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