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Nov 16 - 01:55 PM

GBP/USD - REFILE-BUZZ-Sterling Bulls Shrug Off US Data Beats, Eye Wednesday UK Inflation Data

By Paul Spirgel  —  Nov 16 - 01:23 PM

Corrects typo in headline

  • GBP/USD ending NorAm +0.15% at 1.3434, NorAm range 1.3461-1.3415

  • Pair only major w/daily gain, shrugs off US retail sales beat nL1N2S624I

  • Sterling clings to slight gain after US retail sales beat nL1N2S71OE

  • BOE Dec hike odds drift higher BOEWATCH ahead of Wed UK infl data

  • Supt at Tuesday's 1.3412 low, lwr 30-wk Bolli at 1.3403, 1.3354's 2021 low

  • Res Tues high 1.3472, 1.3482's 10-DMA, 1.3594's 50% Fib of 1.3834-1.3354 dip

  • EUR/GBP slipped 0.48% to 0.8432, Tues range 0.8482-33; dovish ECB tone favors GBP strength

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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