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Dec 21 - 03:55 AM

GBP/USD - Remains Below 1.22 As UK Borrowing Hits Nov Record

By Rob Howard  —  Dec 21 - 02:35 AM
  • Cable has traded a 40 pip range thus far Wednesday; 1.2152-1.2192

  • Offers pre-1.22 also capped Tuesday's climb from 1.2086 (BoJ-spurred low)

  • 1.2086 was lowest since Dec 1 (GBP/JPY and USD/JPY both tanked on Tuesday)

  • UK public borrowing hits record 22 billion pounds in November nL8N33B12L

  • UK ambulance staff follow nurses in striking over pay nL1N33B012

  • 1.2219 (Tuesday high) and 1.2241 are GBP/USD resistance levels beyond 1.2200

Source:
Refinitiv IFR Research/Market Commentary

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