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Dec 01 - 03:55 AM

GBP/USD - Matches Monday's High As Dollar Sags On Powell

By Rob Howard  —  Dec 01 - 02:50 AM
  • Cable tests 1.2118 (Monday's high) after extending north from 1.1900

  • 1.1900 was Wednesday's one-week low, before USD sank on Powell comments

  • Fed Chair was less hawkish than expected nL1N32Q2D1nL1N32Q3IX

  • 1.2126 (Black Friday high) and 1.2153 are resistance levels beyond 1.2118

  • Support points incude 1.2062 (Tuesday's high) and 1.2029 (Ldn am high Weds)

  • UK Nov house prices down 1.4% MM vs minus 0.3% f/c - Nationwide nL8N32R1A5

Source:
Refinitiv IFR Research/Market Commentary

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