By Paul Spirgel — Dec 05 - 01:35 PM
GBP$ firm into NorAm close, +0.32% at 1.2740; NorAm range 1.2771-15
A close above 1.2761 50% of 1.3046-1.2475 should shift momentum to GBP bulls
Sterling bounce off post-election low continues as UK not in Trump sights
Fed, BoE policy on similar paths by YE 2025 likely keeps GBP$ stable
Sterling's room to run hinges on key Fibo nL2N3N60P2
As high-yielder likely bid amid GBP buying vs CAD, EUR other low-yielders
Traders focus on Fri U.S. payroll; Fed exp'd -25bp Dec 18, BoE hold Dec 19
GBP$ res 1.2761 50% of 1.3046-1.2475, 1.2821 200-DMA, 1.2874 Nov. 12 high
Supt 1.2696 Thursday low, 1.2655 rising 10-DMA, 1.2619 daily low Dec. 2
Source:
London Stock Exchange Group | Thomson Reuters