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Oct 21 - 03:55 PM

GBP/USD - Bulls Stampede Higher On Upbeat Brexit, US Stimulus Tones

By Paul Spirgel  —  Oct 21 - 01:40 PM
  • GBP/USD ending NY +1.63% at 1.3160; NorAm range 1.3177-1.3045

  • Pair up on USD weakness, upbeat Brexit tones, BoE move away from neg rates

  • Sterling gains on upbeat Brexit, negative rate views fragile nL1N2HC13A

  • Trump ready to deal, Pelosi optimistic on further COVID aid nW1N2G500C

  • GBP res just abv Sep 8 high 1.3173, next res 1.3291 76.4% of 1.3481-1.2676

  • Support at fmr resistance daily cloud top 1.3082, then 10-DMA 1.2986

  • EUR/GBP -1.23% at 0.9023; Wed range 0.9139-0.9016; broad risk rally stirs long EUR unwind

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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