By Paul Spirgel — Aug 16 - 12:45 PM
GBP/USD firm into NY close, +0.49% at 1.2915; NorAm range 1.2918-1.2883
Pair boosted after upbeat UK retail sales; Sept cut odds reduced
Sterling regains 1.29 after UK retail sales growth dents BoE cut odds
High-for-longer BoE shift likely sees recent spec sellers reload longs
Res 1.2919 upper 30-Hr Bolli, 1.2951 high Jul 19; 1.3021 upper 30-d Bolli
Supt 1.2853 the 30-DMA, 1.2803 daily cloud top, 1.2727 daily low Aug 9
Risk firm amid recent upbeat economic data, marts focus on Click here Aug 22-24
Source:
Refinitiv IFR Research/Market Commentary