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Dec 05 - 01:55 PM

GBP/USD - Flirts With Key Fib, Close Above Puts 200-DMA By 1.2821 In Focus

By Paul Spirgel  —  Dec 05 - 11:35 AM
  • GBP$ firm into London cls, +0.4% at 1.2752; Thursday range 1.2771-1.2696

  • USD broadly weak despite front-end UST yield rise, mixed US claims data

  • Focus shifts to US NFP on Friday for clues on speed, depth of Fed policy

  • Trump trade unwinding, Fed & BoE on similar policy path sees shorts covering

  • UK not on Trump's tariff radar as econ service based shields UK trade

  • GBP$ res 1.2761 50% of 1.3046-1.2475, 1.2771 Thursday high, 1.2821 200-DMA

  • Supt 1.2696 Thursday low, 1.2657 rising 10-DMA, 1.2619 Dec 2 low

Source:
London Stock Exchange Group | Thomson Reuters

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