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Dec 04 - 04:55 PM

GBP/USD - Bulls Tests 21-DMA Resistance Amid Talk Of Gradual BoE, Fed Policy

By Paul Spirgel  —  Dec 04 - 02:05 PM
  • GBP$ firm into NY close, +0.34% at 1.2713, Wednesday range 1.2722-1.2630

  • BoE's Bailey sticks to 'gradual' script for rate cuts nL5N3N50HD

  • UST yields tick lower after Fed's Musalem talks lower rates

  • Powell: Unemployment still very low, making progress on inflation

  • Post-election Trump trade USD bid tapers ahead of Thursday IJC, Friday NFP

  • A chance for sterling bulls before year-end doldrums nL2N3N50LC

  • U.S.-UK rate spread on parallel path into YE 2025; GBP dip overdone

  • GBP$ res 1.2722 Wednesday high, 1.2761 50% of 1.3046-1.2475, 1.2820- 200-DMA

  • Supt 1.2688 rising 10-HMA, 1.2630 Wednesday low, 1.2569 the Nov. 27 low

Source:
London Stock Exchange Group | Thomson Reuters

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