By Paul Spirgel — Apr 19 - 01:35 PM
GBP$ soft into NorAm close, -0.38% to 1.2390; Friday range 1.2467-1.2373
Pair dips to new 2024 low, gains momentum into NY close after dovish Ramsden
By contrast Fed's Goolsbee noted dove, parrots steady rate mantra
Sterling still challenged after flash recovery nL2N3GS1JO
GBP$ supt at 1.2373 Friday low, 1.2290 the 100-DMA, 1.2185 Nov 3 low
Res 1.2428 falling 10-HMA, 1.2467 Friday high, 1.2498 April 15 high
Long wicks all week ahead of 1.25 hints at lack of bullish fervor
Diverging US-UK rate outlook favor further USD gains; inflation data key
Source:
Refinitiv IFR Research/Market Commentary