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