Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 14 - 04:55 AM

GBP/USD - Rises To Intra-Day High, Key Resistance At 1.37

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!