By Robert Howard — Jan 20 - 02:50 AM
• Cable on 1.22 handle before Trump's White House return: ceremony at 1700 GMT
• 1.2161-1.2227 was Ldn session range Friday (low on negative UK retail sales)
• Friday's low was six pips above Wednesday's low (1.2140 was Tuesday's low)
• Resistance levels beyond 1.2227 include 1.2260 (Thursday's high) and 1.2300
• CFTC data showed net GBP long almost completely evaporated in week to Jan 14
• Bailey made no mention of UK economy or BoE monetary policy in
speech
Friday
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters