By Paul Spirgel — Dec 27 - 01:40 PM
GBP$ ending NorAm -0.46% at 1.2022; Tuesday range 1.2110-1.2005
Pair off early Europe high 1.2110; risk had firmed on China reopening talk
China to scrap COVID quarantine rule for inbound travelers nL1N33G0FF
UST yields rise into front-end supply, YE position adjusting pares GBP gain
GBP$ supt at 1.2005 Tues high, 1.1993 Dec 22 low, 1.1900 Nov 30 low
Res Tuesday high 1.2111, falling 200-HMA 1.2142, Dec 19 high 1.2242
EUR/GBP +0.48% at 0.8850, Tues range 0.8863-01; EUR firm amid hawkish ECB comments
Source:
Refinitiv IFR Research/Market Commentary