By Paul Spirgel — Feb 09 - 01:45 PM
GBP/USD soft into NorAm close +0.48% at 1.2133; NY range 1.2193-1.2128
Early gains pared as UST yields rise, GBP longs cut ahead of UK data Fri
Sterling bulls eye 1.22 after Barkin tempers hawkish Fed tones nL1N34P1HF
UK Dec GDP, Mfg/Ind/Cons output Friday may hold sway over UK rate policy
GBP$ res at Thurs high 1.2193, 10-DMA 1.2199, 1.2205 50% of 1.2448-1.1962
Above 1.2205 bulls gain momentum eye 21-DMA 1.2262, Feb 2 high 1.2401
Supt Thurs low 1.2132, Daily cloud top 1.2079, 200-DMA 1.1948
EUR/GBP -0.25% to 0.8854, Thurs range 0.8883-40; GBP dominates on hawkish BoE rhetoric
Source:
Refinitiv IFR Research/Market Commentary