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Dec 10 - 03:55 PM

GBP/USD - Steady Ahead Of Data And Central Bank Fillips

By Paul Spirgel  —  Dec 10 - 01:45 PM
  • GBP$ near flat in NorAm afternoon, -0.02% at 1.2747; NY range 1.2762-25

  • Gilt yields keep pace with UST yield rise, pair rangebound b/w 1.27-1.28

  • Sterling bulls poised but await key confirmation nL1N3NB0O2

  • Traders focused on Wednesday U.S. CPI for clues to Fed policy

  • Dec 18 Fed rate decision likely -25bp; BoE Dec 19 seen holding rate steady

  • Traders will be keen to hear any Econ, rate inflation guidance by c.banks

  • Supt 1.2725 Tues low, 1.2714 rising 10DMA, 1.2682 38.2% Fib of 1.2475-1.2811

  • Res 1.2766 Tuesday high, 1.2822 the 200-DMA, 1.2874 Nov 12 daily high

Source:
London Stock Exchange Group | Thomson Reuters

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