By Paul Spirgel — Mar 17 - 01:45 PM
GBP$ firm into NY close, +0.56% at 1.2176; NorAm range 1.2180-20
Pair creeps higher as UST yields slide, futures indicate lower Fed rate path
Equities, commods slide, gold gains 2.5% as mkts brace for more bank angst
Fed, BoE policy updates key to sterling's firming tone nL1N35P14R
Pair set to close above daily cloud bullish, resistance firm just abv 1.22
Res Fri high 1.2180, Mar 14 high 1.2203, upper 21-d Bolli 1.2215
Close abv Feb 14 flash high 1.2269 opens way for test of '23 highs abv 1.24
Support at 55-DMA 1.2130, Friday low 1.2103, series of DMAs 1.2050-30
Source:
Refinitiv IFR Research/Market Commentary