By Rob Howard — Dec 12 - 06:00 AM
Cable threatens 1.2300 after adding to gains from 1.2207 intra-day low
GBP supported by October's slightly better than expected 0.5% UK GDP print
M&A news is also GBP-positive: Microsoft to buy 4% stake in LSE nL4N33213U
Resistance levels beyond 1.2300 include 1.2321 (Friday's high) and 1.2345
1.2345 was 24-week high at the start of last week (before drop to 1.2109)
UK jobs/CPI data due Tuesday/Wednesday. U.S. CPI data due Tuesday; 7.3% f/c
Source:
Refinitiv IFR Research/Market Commentary