By Rob Howard — Dec 01 - 05:25 AM
Cable climbs to 1.2155 as risk-sensitive pound benefits from equity gains
See: nL1N32R0LZ. 1.2155 is 200DMA (1.2153 was 15-week high on November 24)
Equity gains aided by Powell and news China set to loosen COVID curbs
See: nL8N32R04F. 1.1900 was Wednesday's one-week low, before Powell spoke
1.2200 among bull targets if 200DMA vaulted (1.2216 was August 12 high)
UK businesses report easing price pressures - BoE survey nL8N32R2BC
Source:
Refinitiv IFR Research/Market Commentary