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Jan 23 - 02:36 PM

GBP/USD - Soft Versus Dollar, Gains Versus Euro After ECB Hold

By Paul Spirgel  —  Jan 23 - 01:15 PM
  • GBP/USD limps into close -0.21% at 1.3110; NorAm range 1.3137-1.3098

  • Follows EUR lwr post-ECB hold & position lightening ahead of key PMI data

  • ECB coattails hinder sterling as market awaits deluge of PMIs nL1N29S0MP

  • Pair eyes DMA supports sub-1.31; 21DMA 1.3089, 10DMA 1.3051, 55DMA 1.3032

  • Bulls need a rise above 1.3208/11, 50% Fib of 1.3516-1.29/daily cloud top

  • EUR/GBP dips to 1-mos low 0.8430; ECB hold tipped dovish, BoE cut view reduced BOEWATCH

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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