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Dec 24 - 11:55 AM

GBP/USD - Rises Amid US Equity Gains, Favorable Seasonals

By Robert Fullem  —  Dec 24 - 09:55 AM
  • GBP/USD rises to top of 1.2540 to 1.2572 day's range as S&P 500 opens higher

  • Pound is buoyed by favorable year-end seasonals and EUR/GBP weakness

  • EUR/GBP 3-month forward points rise to 41, a two-year high

  • Turning stochastics suggest cable may rise after consolidating near 1.25

  • Close below lower Bollinger and 1.25 points to test of 1.2299 2024 low

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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