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Dec 17 - 03:55 PM

GBP/USD - Rises After UST Yields Slip Ahead Of Upcoming Fed, BoE Rate Decisions

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

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