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Dec 01 - 06:55 AM

GBP/USD - Rises To 200DMA Amid 'Risk-On' Vibe

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

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