By Paul Spirgel — Nov 13 - 11:35 AM
GBP$ soft heading to London close, -0.3% at 1.2713; Wed range 1.2770-1.2687
Pair tests 1.27 big-figure support after U.S. CPI
Trump trade-related whippy markets, soft UST 2-5yr yields lifts GBP off lows
U.S. IJC, PPI Thursday and Friday UK GDP, output data in focus
GBP$ supt 1.2687 Wed low, 1.2666 Aug 8 low, 1.2591 weekly cloud top
Res 1.2738 falling 10-HMA, 1.2770 Wednesday high, 1.2819 200-DMA (fmr supt)
Source:
Refinitiv IFR Research/Market Commentary