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Feb 10 - 03:55 AM

GBP/USD - Holds Above 1.38 After Scaling Fresh 34-Month Peak

By Rob Howard  —  Feb 10 - 02:35 AM
  • Cable has traded above 1.3800 since vaulting the level 12 hours ago

  • 1.3803-1.3827 was Asian session range: 1.3827 = highest level since Apr 2018

  • Rise through 1.38 influenced by bitcoin surge towards $50k nL1N2KF0L8

  • More: nL1N2KF0LD. 1.3680 = Monday low, pre-Tesla/bitcoin news nL4N2KE3BF

  • 1.3759 (Jan high) and 1.3740 (Feb 5 high) are support levels under 1.38

  • BoE Governor Bailey speaks at 1700GMT. Fed Chair Powell speaks at 1900GMT

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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