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Dec 31 - 02:55 AM

GBP/USD - Holds Above 1.3600 After Scaling 31-Month Peak

By Rob Howard  —  Dec 31 - 02:17 AM
  • Cable rose to 1.3649 in Asia, courtesy of year-end USD selling

  • 1.3649 is the highest level since May 2018 (1.3773 was high that month)

  • Retreat from 1.3649 based six pips shy of 1.3600 (Asian session low)

  • 1.3575 and 1.3523 (Tuesday's high) are support points below the figure

  • GBP rose on Wednesday after UK's world-first approval for AZ COVID vaccine

  • See: nL8N2JA0KE. UK exits EU's orbit at 2300GMT nL4N2JA2G2nL1N2JA0HB

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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