By Paul Spirgel — May 10 - 01:30 PM
GBP/USD dips into NY close -0.16% at 1.2305; NorAm range 1.2356-1.2292
Liquidity slight pre-Wednesday's US CPI release, Rtrs f/c 8.1% vs 8.5% pvs
Pair shrugs off lower UST yields, YC bull flattening; Brexit issues weigh
Sterling under post-Brexit pressure, risks return to lows nL2N2X21G4
GBP$ supt 1.2262 Mon low, 1.2240 lwr 30-d Bolli, 1.2166 May 29 2020 wkly low
EUR/GBP -0.12% to 0.8556, Tues range 0.8576-36; EUR longs lighten pre-CPI Wednesday
GBP Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary