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Dec 28 - 04:55 AM

GBP/USD - UK/US Yield Spreads Should Concern GBP/USD Bulls As 200WMA Nears

By Justin Mcqueen  —  Dec 28 - 03:35 AM
  • Relentless dollar selling keeps cable underpinned with move above 1.28

  • Little signs to suggest recent trends won't continue during year-end trading

  • GBP/USD nears resistance at 1.2839 (200WMA)

  • A close above would likely propel the pair towards 1.30

  • However, divergence with UK/US rate spread should be a warning for bulls

  • US jobless claims in focus, although, unlikely to prompt change in direction

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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