By Rob Howard — Nov 30 - 10:05 AM
Cable ran into resistance ahead of 1.34 after vaulting 1.3362 (Ldn am high)
1.3388 = intra-day high (with 1.3351 marking subsequent pullback low)
Sixth consecutive trading day in which GBP/USD has topped out pre-1.34
See: nL1N2IG0QG. 1.3400 = Sept 2 high and a mooted option barrier level
Latest rise to threaten 1.34 influenced by month-end USD supply talk
EU-UK trade talks outcome crucial for GBP in Dec nL8N2IG1E3nL1N2IG0MM
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary