By Content Admin — Feb 21 - 02:15 PM
GBP$ ending NorAm +0.72% at 1.2120; NorAm range 1.2147-1.2059
Pair moved higher after beat f/c lifting BoE rate expectations
Upbeat UK flash PMIs pull as rate expectations rise
Abv dly cloud (1.2108) add to bullish tone, 55/30-DMAs 1.2175-1.2211 in view
Supt at 10-DMA 1.2078, 200-HMA 1.2072, Feb 21 low 1.1990
EUR/GBP -1% to 0.8792, Tues range 0.8885-791; higher view trumps EZ
Source:
Refinitiv IFR Research/Market Commentary