GBP$ holds bulk of Wed gain +0.63% at 1.2725; NorAm range 1.2746-1.2652

Below f/c ADP, GDP, core PCE prices reduce hawkish Fed tone, UST yields dip

Advantage sterling as Click here
recent hawkish Fed

US jobless claims, Jul core PCE price Idx Thursday; Friday payrolls in focus

Res 30-DMA at 1.2747, Kijun line 1.2772, Aug 10 high 1.2818

Close above 1.2846, the 50% Fib of 1.3144-1.2548 shifts momentum to bulls

Supt 10-DMA at 1.2686, 200-HMA 1.2673, Wed low 1.2619, lwr 30-d Bolli 1.2578

EURGBP -0.2% at 0.8588, Wed range 0.8610-0.8585; higher BoE rate trajectory supports GBP strength