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Feb 15 - 01:55 PM

GBP/USD - Rally In Lock-Step With Vaccine Rollout

By Peter Stoneham  —  Feb 15 - 01:30 PM
  • Sterling reaping the rewards for a successful vaccine rollout nL8N2KL17G

  • UK's growth advantage could become more entrenched while Europe struggles

  • Technically, a daily bull channel top, 1.3912, may have slowed GBP's advance

  • Still see potential for a run above 1.4000 before any sizeable retracement

  • Friday's low and 10DMA initial support: 1.3776-1.3768 respectively

  • Little major resistance until 1.4142 100MMA and the 1.4377 April 2018 high

  • Related content nL1N2KL0GJnL1N2KL0E6






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Source:
Refinitiv IFR Research/Market Commentary

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