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Dec 14 - 11:55 AM

GBP/USD - Retreats From Hope-Fuelled High To Fibo Support

By Rob Howard  —  Dec 14 - 09:45 AM
  • Cable tests 1.3371 after retreating from 1.3444 (highest level since Dec 9)

  • 1.3371 = 23.6% Fibo of 1.3135 (Friday's four-week low) to 1.3444

  • Ascent to 1.3444 fuelled by EU-UK trade deal hope nL8N2IU12T

  • Brexit vibe trumps AstraZeneca to buy Alexion for $39bln news nL1N2IS083

  • More: nL4N2IU1YY. 1.3222 was Friday's NY closing level for GBP/USD

  • IMM speculators flipped to net GBP long before Brexit twists nL1N2IU0AS

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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