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Dec 01 - 01:55 PM

GBP/USD - Slides Into NorAm Close As Omicron, Fed Uncertainties Linger

By Paul Spirgel  —  Dec 01 - 01:25 PM
  • GBP/USD flat into NY close at 1.3296; NorAm range 1.3352-1.3293

  • Pair reversed early NorAm gain; early risk, commod gains pared

  • Sterling plunge proves transitory as markets await Fed clarity nL1N2SM1F9

  • Powell says Fed policy must address range of plausible outcomes nL1N2SM1SK

  • Support at Wed low 1.3276, lwr 30-hr Bolli at 1.3251; Dec 25 low 1.3195

  • Res Wed high 1.3352, 10-DMA 1.3361, 1.3439's 39.2% Fib of 1.3834-1.3195

  • BOEWATCH hints rate hike on Dec 16 no slam dunk casts pall over GBP/USD

  • EUR/GBP -0.09% to 0.8517, Wed range 0.8527-0.8494 as EZ-UK rate vies converge

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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