By Paul Spirgel — Jan 19 - 01:35 PM
GBP/USD ending NorAm near session high +0.23% at 1.2375; NY range 1.2378-20
GBP$ firm despite higher UST yields; BoE seen hawkish amid high UK inflation
Sterling bulls may charge at Fibo level again soon nL1N3441EN
IRPR on Eikon indicates 71% odds for BoE +50bp Feb 2, Fed seen +25bp Feb 1
Shallow GBP$ dip hints at pot'l for further gains
Res at 1.2404's upper 30-d Bolli, 1.2435 Wed high, 1.2446 Dec 14 trend high
Support 1.2314 Thurs low, 1.2262 daily Tenkan line, 1.2223 10-DMA
EUR/GBP flat on the day, Thurs range 0.8786-23; Lagarde, ECB Accts tipped hawkish
Source:
Refinitiv IFR Research/Market Commentary