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Dec 16 - 08:55 AM

GBP/USD - Rises To New 31-Month High On Brexit Deal Hope

By Rob Howard  —  Dec 16 - 07:00 AM
  • Cable hits 1.3548 after extending north from 1.3280 (Tuesday's low)

  • 1.3548 is the highest level since May 2018 (1.3773 was the high that month)

  • Ascent to 1.3548 fuelled by EU-UK trade deal hope nL8N2IW1VD

  • 1.3521 (European am high) is now a support point, pre-1.3475 nL1N2IW0H3

  • UK Nov services PMI 49.9 vs 50.5 f/c, mfg PMI 57.3 vs 55.9 f/c nL8N2IV4DV

  • FOMC policy statement at 1900GMT, Powell briefing 1930GMT+ nL1N2IV1EW

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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