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Dec 14 - 01:55 PM

GBP/USD - Ekes Out Slight Gain On Upbeat Employment Ahead Of Fed, BoE

By Paul Spirgel  —  Dec 14 - 01:13 PM
  • Sterling carries small gain into cls +0.12% at 1.3227; NY range 1.3257-23

  • UK employment, wage gains boost GBP despite diminished UK hike view

  • UK jobs rise boosts sterling as Fed, BoE loom this week nL1N2SZ1G8

  • Rates mkt sees 28% odds for 25bp hike, 45% for 15 bp hike BOEWATCH

  • GBP/$ res at falling 10-DMA by 1.3244, Dec 10 high 1.3276, minor Fib 1.3320

  • Supt by Tues low 1.3192, Dec 8 2021 low 1.3162, lower 30-d Bolli by 1.3129

  • Tug-of-war between rising inflation/emp gains & Omicron fears keeps GBP/USD anchored near 2021 lows

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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