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
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Source:
Refinitiv IFR Research/Market Commentary