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Thomson Reuters
Dec 31 - 12:12 PM
GBP/USD - Pound Enjoys Some Fizz As New Year Looms, Cable Above 1.28
First appeared on eFXplus on Dec 31 - 08:45 AM
  • GBP extends north as 2019 looms, with cable rising to eye 1.2813 (Dec 6 top)
  • Simultaneous EUR/GBP drop to 0.8941, its lowest level since Dec 7
  • GBP gains aided by year-end flow and more short-covering nL1N1Z002J
  • 1.2682 was the early Europe GBP/USD low, when EUR/GBP was north of 0.9000
  • The cross scaled a two-week peak of 0.9063 last week (Dec 27)
  • 1.2840 (Dec 4 high) is a GBP/USD resistance level beyond 1.2813

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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