By Paul Spirgel — Nov 09 - 01:10 PM
Sterling soft into NY cls, -0.14$ at 1.2265; Thursday range 1.2308-1.2254
Pair trades 40-pip range in NorAm, awaiting Powell comments 2PM NYT
Mkt looking for hints at policy; USD bid amid large long-end rate rise
Fed's Goolsbee: Fed will need to monitor risks of overshooting on rates- WSJ
Sterling steady by daily cloud base support ahead of Powell, UK GDP
Support at Nov 8 low 1.2243, 10-DMA 1.2236, 1.2096 Nov 1 low
Res 1.2310 55-DMA, 1.2346 Nov 7 high, 1.2392 50% of 1.2746-1.2039
Source:
Refinitiv IFR Research/Market Commentary