Derived Data That Drive Results
By Paul Spirgel — Apr 14 - 01:45 PM
GBP$ slides into NY close, -0.88% at 1.2411; NorAm range 1.2519-1.2399
Early NorAm bid on weak ret sales data, reversed after hawkish Waller, UMich
Despite pullback GBP$ near 2023 high 1.2545, BoE seen more hawkish than Fed
IRPR/Eikon- US rates 4.49% by Dec meet, BoE seen 4.63%, wider gap in 2024
Close below 10-DMA (1.2446) dents bullish structure, bears eye 21-DMA 1.2361
Bulls in control abv 1.2175, 50% of 1.1805-1.2545; res abv 1.25 intact
EUR/GBP +0.35% at 0.8853, Fri range 0.8853-0.8826; GBP bulls wary ahead of upcoming UK data
Source:
Refinitiv IFR Research/Market Commentary
