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Feb 14 - 07:24 AM

GBP/USD - Retreats After Failing To Break Thursday's High

By Rob Howard  —  Feb 14 - 05:55 AM
  • Cable retreats to 1.3020 after failing to break 1.3069 (Thursday 1-week top)

  • 1.3063 = early Ldn high nL1N2AE04B. Profit-take flow kicked in after fail

  • EUR/GBP up to eye 0.8333 after threatening 0.8296 early Europe nL1N2AE04H

  • Bids may emerge by 1.3000 (former resistance level) if GBP/USD extends south

  • Cable vaulted 1.3000 after Sunak was appointed UK finance minister Thursday

  • See: nL8N2AD6O9. U.S. Jan retail sales data due 1330GMT, +0.3% MM f/c

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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