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Feb 04 - 08:55 PM

GBP/USD - Uneasy Tariff Calm Shifts Focus To BoE Thu

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

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