By Paul Spirgel — May 08 - 01:30 PM
GBP$ settling near flat into NorAm cls +0.06% at 1.2642; Mon range 1.2668-27
Early rise to new 1-yr high 1/2668 dialed back amid light holiday flows
BoE rate announcement May 11, expect +25bp; vote/guidance key
Sterling celebrates coronation with 1-year high on firming UK rate view
Pair bid on expectations of near-term UK-U.S. rate convergence IRPR
GBP$ res 1.2668 Mon high, 1.2711 100-WMA, 1.2764 upper 30-week Bolli
Support 1.2627 Mon low, 1.2617 55-HMA, 1.2533 10-DMA, 1.2484 21-DMA
Source:
Refinitiv IFR Research/Market Commentary