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Jan 20 - 07:55 AM

GBP/USD - Rises To Its Highest Level Since May 2018

By Rob Howard  —  Jan 20 - 06:03 AM
  • Cable hit 1.3720 at 1046GMT after breaking above 1.3712 (last week's high)

  • 1.3720 is the highest level since May 2018 (1.3773 was high that month)

  • GBP/EUR has simultaneously risen to an eight-month high of 1.1314

  • Pound's gains influenced by slightly higher than expected UK Dec CPI data

  • See: nL1N2JV0PC. UK's speedy COVID-19 vaccine rollout is also GBP-positive

  • Biden to assume U.S. presidency amid deep divisions nL1N2JV05S

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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