By Justin McQueen — Mar 14 - 01:46 PM
• Cable drop contained, period of consolidation persists. Range: 1.2911-58
• UK GDP miss provides reminder that domestic factors are a headwind
• German parties agree major debt overhaul
• Fiscal divergence with UK supports dip buying in EUR/GBP
• Resistance: 1.3000-46 (pre-US election level). Daily RSI points to pullback
• Support: 1.2810 (Dec high), 1.2792 (200DMA), 1.2655 (38.2% fib of YTD range)
• COMMENT: Window of opportunity opens up for sterling bears
• BoE-speak round-up
gbpusd daily eod
(Justin McQueen is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters