By Paul Spirgel — Aug 15 - 01:20 PM
GBP$ firm into NY close +0.3% at 1.2725; NorAm range 1.2753-1.2682
Rate whipsaw after U.S. retail sales test o/n low supt at 1.2680
UK wages rise supports BoE higher than Fed for longer view, lifts GBP
Sterling support sub-1.27 holds as traders await Wednesday's UK CPI
GBP$ tests 55-DMA res at 1.2746, close above adds to growing bullish tone
Further res at 1.2818's 38.2% Fib of 1.3144-1.2617, 30-DMA 1.2840
Rise abv 1.2881's 50% Fib shifts momentum to bulls for retrace to Jul highs
Source:
Refinitiv IFR Research/Market Commentary