GBP$ slips into NorAm close, +0.06% at 1.2025; Wed range 1.2126-1.2003

Early GBP strength on rising gilt yields fade as UST supply lifts UST yields

China reopening euphoria ebbs as COVID cases continue to rise

Supt holding by Tues-Wed lows just abv 1.20, Dec 22 low 1.1993

Further support at Nov 30 low 1.19 and 55-DMA at 1.1822

Res at 10-DMA 1.2096, Wednesday high 1.2126 and 21-DMA 1.2176

EUR/GBP fell 0.2% to 0.8825, Wed range 0.8860-0.8795; EUR longs lighten ahead of new year