By Paul Spirgel — Nov 19 - 01:35 PM
GBP$ slightly lower in NY afternoon, -0.1% at 1.2665; Tues range 1.2689-15
Wednesday UK CPI eyed for clues at UK prices; may impact Dec BoE cut odds
Pair caught b/w 1.26/1.27 this week amid fluid U.S. politics & geopolitics
Geopolitical concerns leave sterling bulls frustrated again by 1.27
Marts on edge amid Trump trades and fluid Fed policy expectations
GBP$ res 1.2689 Tues high, 1.2720 Nov 14 high, 1.2774 falling 10-DMA
Supt 1.2615 Tues low, 1.2598 daily low Nov 15, 1.2573 weekly cloud base
Note 10-dma below 200-DMA and 30-DMA below 100-DMA bearish crosses hint at offered tone
Source:
Refinitiv IFR Research/Market Commentary