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Dec 17 - 02:55 AM

GBP/USD - Rises To Fresh 31-Month High Amid Brexit Deal Hope

By Rob Howard  —  Dec 17 - 02:05 AM
  • Cable hits 1.3565 after extending north from 1.3451 (post-Fed low)

  • 1.3565 is the highest level since May 2018 (1.3555 was Wednesday's high)

  • Ascent to 1.3565 fuelled by USD selling and Brexit deal hope nL8N2IW1VD

  • Fed vows to buy bonds until it sees 'substantial' economic progress

  • See: nL1N2IV1EW. BoE MPA 1200GMT, no change expected nL8N2IW3JL

  • U.S. hopes for trade deal with UK, Trump's trade chief says-BBC nS8N2I905G

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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