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Oct 11 - 03:55 PM

GBP/USD's Early Rate-Related Bid Fades Amid Lingering Energy, Brexit Angst

By Paul Spirgel  —  Oct 11 - 01:43 PM
  • GBP/USD ending NY -0.12% at 1.3603; NorAm range 1.3651-1.3602

  • Bulls unable to hold early Europe high by 1.3674, risk slips into NY close

  • Early GBP rise on weekend's hawkish BoE talk; UK rates hint at Dec hike

  • Sterling rise above key Fibo by 1.3663 hints at further gains nL1N2R711S

  • Early hawkish BoE vibe fades amid UK energy crises, Brexit, growth angst

  • GBP/USD supt at Mon low 1.3602, 10-DMA by 1.3563, lwr 30-d Bolli at 1.3462

  • Res 1.3663, 50% fib of 1.3913-1.3412, 1.3674 Mon high, 1.3698 30-DAM

  • EUR/GBP flat on day ends NY 0.8499, Mom range 0.8499-73; moves USD based

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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