By Paul Spirgel — Feb 16 - 01:20 PM
GBP$ ending NorAm -0.12% at 1.2020; NorAm range 1.2056-1.1966
Pair bounces ahead of post-PPI low 1.1966 ahead of Feb 7 low 1.1962
Sterling eyes February lows after US PPI stokes hawkish Fed views
Friday's UK retail sales in focus for clues on BoE rate policy path
Dour UK data may step-up Fed-BoE rate divergence sending GBP lower
Supt 1.1962 Feb 7 low, 1.1943 200DMA, 1.1896 100DMA, 1.1798 daily cloud base
Res 1.2024 10-HMA, 1.2075 Thursday high/10-DMA area, 1.2183 55-DMA,
GBP bears in control below 1.2205's 50% Fib of 1.2448-1.1962
Source:
Refinitiv IFR Research/Market Commentary