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Jan 04 - 05:55 AM

GBP/USD - Jumps Towards 1.21 On Rise In Risk Appetite

By Rob Howard  —  Jan 04 - 03:55 AM
  • Cable leaps to 1.2084 as risk-sensitive GBP benefits from Hang Seng gains

  • Hong Kong's equity index rose 3.2% today. 1.1960 was Asian session low

  • Offers are likely lurking either side of 1.2100 (1.2091 was Monday's high)

  • 1.2105 was last Friday's high. 1.2109 is 38.2% Fibo of 1.2446-1.1900

  • 1.1900 was Tuesday's six-week low. 1.2126 was last week's peak (Dec 28)

  • Inflation drives Britain's record Christmas grocery sales nL8N33B3FF

Source:
Refinitiv IFR Research/Market Commentary

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