Cable hits two-week high as pound finds fresh bids to start the day

  


Cable hits 1.2946, highest level since 4 November

GBP/USD H1 18-11
ForexLive

The pound is picking up from where it left off on Friday as buyers continue to keep the upside run going after a bit of a testing period at the start of last week.

In case you missed the headlines from Friday:

This just reaffirms Boris Johnson’s Conservatives strong position going into the election and we’re continuing to see the pound move higher on the back of that confidence.

Right now, buyers are looking to challenge the resistance level around 1.2970-76 next.

I still reckon the 1.3000 level will be a key hurdle for the pair unless the intention polls start to skew even more heavily towards the Conservatives.



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