By Paul Spirgel — Apr 22 - 01:45 PM
GBP$ pared early NorAm losses, -0.16% at 1.2350; Mon range 1.2392-1.2299
Dovish Ramsden, Bailey comments, soft UK data stirs UK-US rate divergence
BoE June cut odds 60%, Fed 20%; BoE -57bp to Dec, Fed -40bp favors USD gains
Dovish BoE echoes heighten sterling vulnerability nL2N3GV16M
GBP$ supt 1.2299 Mon low, 1.2287 100-WMA, 1.2272 Nov 14 2023 low
Res 1.2392 Mon High, 50% of 1.2484-1.2299 dip, 1.2471 falling 10-DMA
Traders eye UK/US April flash PMIs Tuesday; US core PCE price IDX on Friday
Source:
Refinitiv IFR Research/Market Commentary