By Krishna Kumar — Feb 04 - 07:39 PM
• GBP/USD steady in Asia after closing 0.25% higher Tue on tariff optimism
• Likelihood of forthcoming talks between Trump-Xi calms investors
• China, U.S. attempting to avert an outright trade war lifts mood
• Soft U.S. economic data, lower U.S. yields support GBP
• Traders look ahead to BoE rate decision Thu, 25 bps cut expected
• Resistance at 1.2510, 55-day MA; GBP has not closed above MA since Oct 9
• More resistance at 1.2540, support 1.2390-1.2400; Tue range 1.2384-1.2492
GBP:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters