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Monday, February 15, 2021

Cable is cresting 1.3900 with upside target at 1.4...

Cable is cresting 1.3900 with upside target at 1.4...

Cable is cresting 1.3900 with upside target at 1.4... and Eur/Gbp is back below 0.8750 partly due to another downturn in the Dollar and relative Euro lethargy between key technical levels. However, Sterling is also bid in its own right and benefiting from the UK’s ongoing advanced progress in terms of vaccinating the population against COVID-19 that is keeping the PM on track to begin relaxing restrictions early next month. For the record, over 15 mn people have now been inoculated and the Government is aiming to have administered first jabs to 32 mn by April. Whether you think these numbers are good or bad, Gbp strength is showing though.



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