By Paul Spirgel — Nov 13 - 01:35 PM
GBP$ holds 0.3% gain at 1.2263 into NY aft Mon range 1.2276-1.2225
Pair rallied on Sunak political moves and Mann's inflation comments
Sterling's political adrenalin shot may succumb to lower UK inflation
Tuesday UK employment, wages & U.S. CPI; Wed UK CPI in focus
GBP$ supt at daily cloud base 1.2248, Tues low 1.2225, 30-DMA 1.2203
Res 1.2276 Nov 13 high, 1.2297 the 55-DMA 1.2348 upper 30-d Bolli
A close abv 1.2392, the 50% Fib of 1.2746-1.2039 may shift momentum to bulls
Source:
Refinitiv IFR Research/Market Commentary