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Dec 14 - 05:55 AM

GBP/USD - Rises To Highest Level Since Johnson-VdL Dinner

By Rob Howard  —  Dec 14 - 03:35 AM
  • Cable ascends to 1.3407 after Barnier says EU-UK trade deal still possible

  • See: nL8N2IU12T. 1.3407 = highest level since Johnson-vdL dinner Wednesday

  • 1.3384 was Asian session high, after Sunday's "extra mile" pledge from EU-UK

  • See: nL1N2IU0CN. 1.3135 was Friday's 4-week low, on no-deal Brexit fears

  • 1.3476 was last week's high (before the Johnson-von der Leyen dinner talks)

  • IMM speculators flipped to net GBP long before Brexit twists nL1N2IU0AS

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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