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Dec 14 - 04:55 AM

GBP/USD - Buoyed By Brexit Deal Hope On "extra Mile" Pledge

By Rob Howard  —  Dec 14 - 02:50 AM
  • Cable rises to eye 1.3384 in early Ldn trade, courtesy of EU-UK deal hope

  • EU-UK agree to "go the extra mile" to try and reach trade deal nL1N2IT047

  • 1.3384 was Asian session high, after Sunday's "extra mile" pledge

  • Brexit trade deal chance above 50% vs sub-50% Friday - Smarkets nL8N2IU0OR

  • 1.3295 was pullback low from 1.3384 (1.3222 was Friday's NY closing level)

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

  • M&A news: AstraZeneca to buy Alexion for $39 billion nL1N2IS083

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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