By Paul Spirgel — Jan 10 - 01:25 PM
Sterling soft into NorAm close, -0.24% at 1.2151; Tues range 1.2189-11
UK consumer spending fails to match inflation in December nL8N33U4LE
Sterling off lows after Powell offers no Fed policy clues nL1N33V186
Early NorAm slide pre-Powell reversed as no policy hints in statements
Focus shifts to Thurs U.S. CPI for hints at near-term Fed policy
UK CPI Jan 18 may also have consequences for BoE rates on Feb 2
GBP$ res at 1.2209 Monday high, Dec 20 high 1.2219, 1.2245 Dec 19 high
Supt at 1.2111 Tues low, 1.2092 Monday low, 10-DMa at 1.2058
Northern protocol talks make progress may help stabilize GBP$ nL1N33V1HU
Source:
Refinitiv IFR Research/Market Commentary