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
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Source:
Refinitiv IFR Research/Market Commentary