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Dec 31 - 04:55 AM

GBP/USD - Rises To Fresh 31-Month High As Year-End Looms

By Rob Howard  —  Dec 31 - 03:23 AM
  • Cable scales new 31-month peak of 1.3657 after vaulting 1.3649 (Asia high)

  • Recent GBP gains influenced by relief that UK is leaving EU with a deal

  • See: nL4N2JA2G2. GBP could have tanked if a deal had not been agreed

  • 1.3620 (Xmas Eve high, when EU-UK deal agreed) is now a support point

  • Wednesday's high was 1.3619, after UK approved AZ vaccine nL1N2JB0AB

  • 1.3677, 76.4% Fibo of 1.4377-1.1413, and 1.37 are resistance levels

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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