By Paul Spirgel — Nov 12 - 01:40 PM
GBP$ soft in NY afternoon, -1.04% at 1.2735; NorAm range 1.2826-1.2719
Break below 200-DMA at 1.2819 intensifies offered tone of GBP$
IMM positioning hints at long bias, likely pared significantly post-election
Sterling bulls may just have grin and bear the Trump trade nL1N3MJ0QK
UK STIR view above US into '25 holds no sway as USD tracks UST yields
GBP$ supt 1.2719 Tuesday low, 1.2666 daily low Aug 8, 1.2601 the 100-WMA
Res 1.2785 falling 10-HMA, 1.2819 the 200-DMA (Fmr supt), 1.2874 Tues high
Source:
Refinitiv IFR Research/Market Commentary