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> Brexit hopes pushed the Cable above 1.35 – GBP/USD Market Outlook – 17/12/2020
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Brexit hopes pushed the Cable above 1.35 – GBP/USD Market Outlook – 17/12/2020

SquaredFinancial

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The Pound blew past our 1.35 and 1.3550 targets yesterday by printing multi-year highs amid Brexit hopes. Today, the BOE could push the Cable even higher if they refrain from talking about negative rates. However, Brexit remains the dominating narrative, any positive headline could trigger a rally towards 1.37.

Support: 1.35/ 1.3450
Resistance: 1.3615 / 1.37

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/brexit-hopes-pushed-the-cable-above-1-35-gbp-usd-market-outlook-17-12-2020
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