By Paul Spirgel — Feb 26 - 01:37 PM
• GBP$ firm in NorAm afternoon, +0.2% at 1.2690; Wednesday range 1.2717-1.2635
• Pair unable to hold 1.27; firm support ahead of 1.26 hints at further upside
• UST yield dip lifts GBP; Fri's core PCE data in focus for Fed policy clues
• Sterling remains in shadow of its 2025 peak, poised to drive higher
• U.S.-UK 2025 rate view in sync ; further Trump trade unwind favors GBP
• GBP$ res 1.2717 Wednesday high, 1.2734 upper 30-d Bolli, 1.2787 the 200-DMA
• Supt 1.2635 Wed low, 1.2607 Tues's low this wk, 1.2525 50% of
1.2333-1.2717
GBP Chart:
(Paul Spirgel is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
