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Jan 13 - 02:36 PM
GBP/USD - BoE's Dovish Lilt Keeps Downward Pressure On Sterling
First appeared on eFXplus on Jan 13 - 12:30 PM
  • GBP/USD holds below 55-DMA (1.3007), 100-WMA (1.3000), trades 1.2985, -0.66%

  • Pair unable to hold gains after rising to NorAm high 1.2999 by NY opt cut

  • Upbeat Brexit tones undermined by rising BoE dovish calls nL1N29I0HB

  • Supt at 1.2961 Mon low, 1.2899 lwr 30d Bolli, 1.2856 50% Fib of Oct-Dec rise

  • Res at Mon NY high 1.2999. 1.3067 200-WMA, 1.3168 50% Fib of 1.4377-1.1959

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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