Derived Data That Drive Results
By Paul Spirgel — Jan 07 - 01:37 PM
GBP/USD ending NY -0.37% at 1.3560; NorAm range 1.3612-1.3533
Early GBP gains reversed on broad USD buying amid stimulus expectations
Lockdowns, reduced UK growth outlook ramps up BoE neg rate view 0#FSS:
Sterling tests support but holds up better than other majors nL1N2JI1FU
Bulls losing vigor, cede control below 1.3447, 50% Fib of 1.3190-1.3703
Below 1.3447, daily cloud top by 1.3280 targeted then Dec 21 low by 1.3190
EUR/GBP ending NY -0.12% at 0.9046, Thurs range 0.9076-16; EUR/USD longs lighten abv 1.23
GBP Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
