GBP$ near session low in NY afternoon, -0.45% at 1.2614; Fri range 1.2678-08

Below f/c Click here
data weighed on pair, hints at dovish BoE in 2025

Close sub-1.2643- the 50% Fib of 1.2475-1.2818 hints at further weakness

Sterling in trouble as glum growth data signals a more dovish BoE

BoE exp'd to hold rates Dec 19; traders await PMI, CPI, employment pre-MPC

Diverging Fed, BoE rate views; dovish Fed tones abating saps GBP of vigor

Supt 1.2603 61.8% of 1.2475-1.2818, 1.2569 Nov 27 low, 1.2475 low Nov 22

Res 1.2637 falling 10-HMA, 1.2678 Dec 13 high, 1.2787 daily high Dec 12