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Dec 14 - 07:55 AM

GBP/USD - Up Three Cents From Friday's Low On EU-UK Deal Hope

By Rob Howard  —  Dec 14 - 05:40 AM
  • GBP continues to benefit from EU-UK trade deal hope, with cable up to 1.3435

  • 1.3435 is three cents above Friday's four-week low (plumbed on no-deal fear)

  • 'Narrow path' to Brexit trade deal visible nL8N2IU21AnL8N2IU12T

  • Odds say trade deal chance greater than 50% vs sub-50% Friday nL8N2IU1XS

  • 1.3384 (Asia high) and 1.3325 (Friday's high) are now GBP/USD support points

  • 1.3476 (last week's high), 1.3500 and 1.3540 are resistance levels

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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