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Nov 19 - 03:55 PM

GBP/USD - Rangebound Between 1.34-1.35 As BoE Hike, COVID Flows Slug It Out

By Paul Spirgel  —  Nov 19 - 01:35 PM
  • Sterling ends NorAm -0.33% at 1.3456, NY range 1.3475-1.3414

  • GBP/USD remains rangebound b/w 1.34-1.35 hints at gamma trades

  • UK rate variability, COVID, global growth angst weigh on GBP nL1N2SA1DL

  • Pair anchored by 10-DMA (1.3460), falling DMAs, cloud hint at weakness

  • Supt at 1.34's Nov 17 low, Nov 12 2021 low at 1.3354, lwr 30-d Bolli 1.3337

  • EUR/GBP back below 0.84, Fri range 0.8426-0.8386; dovish Lagarde weighs on EUR

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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