By Paul Spirgel — Dec 17 - 01:45 PM
GBP$ firm in NorAm afternoon +0.28% at 1.2719, Tuesday range 1.2728-1.2669
Pair abv 1.27 after UST yields reverse early NorAm rise
Sterling yield advantage props up GBP ahead of upcoming Fed, BoE decisions
Fed seen making hawkish cut, BoE on hold presser in focus for policy clues
Sterling tests 10-DMA resistance above 1.27 as US yields slip
GBP$ res 1.2728 Tuesday high, 1.2787 Dec 12 high, 1.2819 flat 200-DMA
Supt 1.2705 rising 10-HMA, 1.2669 Tuesday low, 1.2608 daily low Dec 13
Source:
London Stock Exchange Group | Thomson Reuters