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Jan 14 - 04:55 AM

GBP/USD - Remains Above 1.37 After UK Nov GDP Beat

By Rob Howard  —  Jan 14 - 02:35 AM
  • Cable holds above 1.3700 after UK Nov GDP data beat, +0.9% vs +0.4% f/c

  • See: nL8N2TU16Y. 1.3700 is a former resistance level (1.3698 was Nov high)

  • 1.3749 was Thursday's 11-week top, after more USD longs unwound nL1N2TT0NH

  • GBP shorts have also been squeezed hard over the past 4 weeks nL1N2TQ0QZ

  • 1.3650 (Wednesday's pre-U.S. CPI data high) is a support point below 1.37

  • PM Johnson's office partied as queen mourned death of husband nL8N2TU17P

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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