By Paul Spirgel — Feb 17 - 01:25 PM
GBP$ firm into NY close +0.3% at 1.2027; NorAm range 1.2038-1.1922
Early GBP weakness on rising Fed rate outlook reversed after Imp/Exp data
Barkin: Not much signal in recent elevated jobs, retail numbers nL1N34X1FT
Sterling eyes 2023 low as hawkish Fed trumps BoE view nL1N34X1AV
Bearish structure intact as Fed terminal rate hovers near 5.30% 0#FF:
Dip in UK prices to 10.1% boosts dovish BoE view, low growth back in focus
GBP$ res Fri high 1.2038, 1.2092 50% Fib of 1.2269-1.1915 Feb range
Abv 1.2092 aids bullish outlook; 55DMA at 1.2178, Feb 15 high 1.2269 in view
Supt 1.1924 lower 30-h Bolli, 1.1915 Fri low, 1.1842 2023 daily low Jan 6
Source:
Refinitiv IFR Research/Market Commentary