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Dec 23 - 03:55 AM

GBP/USD - Saved By Broader Market Optimism But Vulnerable

By Peter Stoneham  —  Dec 23 - 02:36 AM
  • A vulnerable UK economy and fragile GBP the late Dec focus as Omicron rises

  • Q3 growth figures disappointed and these before Omicron hit nL8N2T7119

  • Investors are now braced for further slowing and further restrictions

  • Broader market optimism just edging the dollar lower: helping lift GBP

  • Fibo off 1.3834-1.3162 at 1.3419 a target but likely a level too far today

  • UK govt says can't rule out further restrictions after Christmas

  • UK press debates BoE policy outlook: plans to stop reinvesting

  • Possible plan, if UK rates hit 0.5%, to stop reinvesting in maturing bonds

    For more click on FXBUZ









GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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