• GBP$ -0.77% at 1.2210, in NY afternoon trade; NY range 1.2323-1.2194

• Pair hit hard after U.S. payroll surprised higher lifting UST yields

• Sterling sinks with UK Gilts after above-forecast payroll data

• Fed cut odds drift lower on signs of persistent U.S. economic strength

• Next key data will be Jan 15, U.S. and UK CPI releases

• GBP dip outpaces other CCYs as gilts rise in tandem, stoking UK fiscal fears

• Res 1.2257 falling 10-HMA, 1.2294 lwr 30-d Bolli (fmr supt), 1.2426 10-DMA

• Supt 1.2194 Friday post-data low, 1.2093 Nov 30 2023 monthly low, 1.2039 Oct 6 2023 wkly low

GBP Chart:

(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)