Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 12 - 07:55 AM

GBP/USD - Up To Eye 1.23 Following UK GDP Beat, M&A News

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!