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Jan 14 - 07:55 AM

GBP/USD - Holds Close To 11-Week High Pre-U.S. Data

By Rob Howard  —  Jan 14 - 07:05 AM
  • Cable remains above 1.3700 pre-U.S. data, with 1.3742 marking Ldn am high

  • 1.3742 = seven pips shy of Thursday's 11-week peak (1.3737 = 200DMA)

  • Recent GBP/USD gains aided by position adjustments nL1N2TT0NHnL1N2TQ0QZ

  • U.S. Dec retail sales data 1330 GMT, 0% f/c. UK Nov GDP +0.9% nL8N2TU16Y

  • Sterling trade-weighted index hit highest level since June 2016 on Thursday

  • See: nL8N2TU1MD. More EU-UK talks about N.Ireland next week nL8N2TU29P

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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