By Paul Spirgel — Sep 12 - 01:35 PM
GBP$ soft into NorAm close, -0.2% at 1.2483; NorAm range 1.2492-1.2460
Mixed UK wages, employment data stirs lower BOE rate expectations
Belly of UK 3-mos SONIA strip rises 6-8bps (lower rates) weighs on GBP
GBP/USD under pressure, BoE hike beyond Sept less likely nL1N3AO1LH
UK GDP, IP/MP and U.S. CPI on Wednesday in focus ahead of c.bank meets
Supt at 1.2460 Tues low just ahead of Sep 7 trend low 1.2445, 200-DMA 1.2430
Res Tues high 1.2531, falling 10-DMA 1.2562, Sep 6 high 1.2587
30-DMA crossing below 100-DMA adds to bearish outlook
Source:
Refinitiv IFR Research/Market Commentary