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Dec 13 - 11:55 AM

GBP/USD - 1.2668 Flips From Support Point To Resistance Level

By Rob Howard  —  Dec 13 - 09:35 AM
  • Cable meets headwind at 1.2668 after pushing recovery envelope from 1.2619

  • 1.2619 was Ldn am low, after negative UK Oct GDP. 1.2668 was Thursday's low

  • More offers expected near 1.27 (stops below 1.2700 were tripped on Thursday)

  • UK public predicts more inflation. BoE rate hold expected next week (Dec 19)

  • UK Dec flash PMIs due on Monday at 0930 GMT: services f/c 51.0; mfg f/c 48.2

  • Will Farage be Britain's next PM? (next general election expected in 2029)

Source:
London Stock Exchange Group | Thomson Reuters

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