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Jan 09 - 08:55 AM

GBP/USD - Remains Above 1.21 After U.S. Data-Spurred Gains

By Rob Howard  —  Jan 09 - 06:50 AM
  • Cable holds above 1.2100 as it consolidates soft U.S. data-spurred gains

  • 1.2100 was pre-weekend high. 1.2174 was two-and-a-half week peak at 0926 GMT

  • Resistance levels beyond 1.2174 include 1.2192 (Dec 21 high) and 1.2215

  • Speech from BoE's Pill on UK economic/monetary policy outlook due 1530 GMT

  • UK ministers to hold talks with unions in bid to end strikes nL8N33U20W

  • IMM net GBP short position up for second consecutive week nL1N33U0DZ

Source:
Refinitiv IFR Research/Market Commentary

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