By Refinitiv — May 09 - 02:17 PM
• GBP$ firm into NorAm cls, +0.58% at 1.3315; Friday range 1.3323-1.3213
• Pair gained steadily throughout the day, regaining 21-Dma at 1.3295, bullish
• BoE cut, UK-U.S. trade deal Thurs boosted volatility; marts cautious pre-China meet
• Sterling mounts comeback as post-trade-deal dollar euphoria ebbs nL6N3RH0J0
• UK gilts a touch higher than USTs; US-UK YE 2025 rates outlooks symmetrical
• GBP$ res 1.3324 the 10-DMA, 1.3402 the May 6 high, 1.3445 2025 high on Apr 28
• Supt 1.3295 rising 10-HMA, 1.3213 Friday's 3-wk low,
1.3178
rising 21-DMA
GBP Chart:
(Paul.Spirgel is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters