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Nov 13 - 01:55 PM

GBP/USD - Bulls Survive Test Of 1.27 Support After In-Court US CPI, For Now

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

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