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Dec 22 - 06:55 AM

GBP/USD - Trades Above 1.33 For The First Time This Week

By Rob Howard  —  Dec 22 - 05:41 AM
  • Cable scales intra-week peak of 1.3306 after extending north from 1.3246

  • 1.3246 was low after downward revision to UK Q3 GDP growth nL8N2T7119

  • Pound supported by hope Omicron might only have limited economic fallout

  • See: nL1N2T70FJ. GBP is a risk-sensitive currency (USD is safer-haven)

  • GBP/EUR rises to 1.1784, highest level since BoE rate hike day nL1N2T70DG

  • 1.3328, 76.4% Fibo of 1.3375-1.3175, is a GBP/USD resistance level

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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