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Feb 02 - 11:55 AM

GBP/USD - Extends South To Threaten Last Week's Low

By Rob Howard  —  Feb 02 - 10:29 AM
  • Cable elicited support just shy of 1.3610 after extending south from 1.3710

  • 1.3610 was last week's low (Jan 26). 1.3710 was Ldn am intra-day high

  • Ldn am high was notched before EUR/USD slid through 1.2050 to nine-week low

  • See: nL1N2K8184. GBP/USD also fell by a cent on Monday (from 1.3758)

  • Recent GBP gains aided by UK's speedy rollout of COVID-19 vaccines

  • Mutation E484K associated with lower vaccine efficacy nL8N2K82I5

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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