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Dec 02 - 08:55 AM

GBP/USD - Elicits Support From Positive U.S. Equity Futures

By Rob Howard  —  Dec 02 - 06:58 AM
  • Cable reaches 1.3332 after extending north from 1.3281 (early London low)

  • 1.3332 = intra-day high, 20 pips shy of Wednesday's peak nL1N2SN0F7

  • Risk-sensitive GBP supported by positive U.S. equity futures nL4N2SN2JH

  • 1.3300 is now a GBP/USD support level (1.3305 was Asian session high)

  • There is a large 1.3300 option expiry for the 10am ET NY cut nL1N2SN0D9

  • UK firms struggle to find staff, see higher CPI - BoE survey nL8N2SN2I3

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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