GBP/USD - 1.3641.. Sterling was the strongest G4 currency vs usd y'day, price met renewed buying at 1.3494 (AUS) n climbed steadily to 1.3615 in Europe , despite a brief pullback to 1.3573 in NY, cable hit 1.3626 at the close.

On the bigger picture, despite cable's brief break of 2016 post-Brexit low of 1.1491 to a near 35-year trough of 1.1412 in mid-Mar on safe-haven usd's demand following free fall in global stocks, sterling's rally to as high as 1.28 12 (Jun) on broad-based usd's weakness, then to an 8-month peak of 1.3482 on the 1st day in Sep suggests a major bottom is in place. Although cable has retreated to 1.3189 last Mon after rally abv 2019 high at 1.3516 to a fresh 2-1/2 year peak at 1.3625, Thu's rebound to 1.3620 as a Brexit deal was reached signals pullback has ended n abv 1.3625 would extend to 1.3680/90. On the downside, only a daily close below 1.3305 would risk weakness back to 1.3189, break, 1.3135.

Today, Wed's marginal break of prev. Dec's 2-1/2 year 1.3625 top to 1.36 26, then intra-day firm break confirms recent uptrend has once again resumed n gain to 1.3680/90 is envisaged, o/bot readings on hourly oscillators may cap price at 1.3715/20. Only below 1.3573 signals temp. top n risk 1.3523/28.

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