Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 28 - 01:55 PM

GBP/USD - Unable To Hold Gains Above 1.21 After Early Yield Dip Reversed

By Paul Spirgel  —  Dec 28 - 01:10 PM
  • 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

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!