By Rob Howard — Jan 14 - 03:04 AM
Cable hits 1.3663 (intra-day high) after rising from 1.3629 (early Ldn low)
1.3629 was 14 pips shy of Wednesday's low (1.3620 was Asian session low)
Wednesday's low was plumbed after some profit-taking on GBP long positions
Profit-take flow followed 2.5 cent climb from 1.3451 (Monday's 13-day low)
Rise to 1.3701 fuelled by Bailey talking down prospect of negative BoE rates
See: nL8N2JN1YS. 1.3701 was two pips shy of last week's 32-month high
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary