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Oct 14 - 03:55 PM

GBP/USD's Early Gain Pared, Bulls Hit Resistance Ahead Of 55-DMA By 1.3737

By Paul Spirgel  —  Oct 14 - 01:40 PM
  • GBP/USD gain pared into NY cls; +0.12% at 1.3678, Thurs range 1.3734-1.3659

  • Rise on BoE hike hopes evaporates; BoE's Mann, Tenreyro curb hawkish vibe

  • BoE's Tenreyro nL8N2RA2ID and Mann nL8N2RA4YF make the less-hawkish case

  • Sterling rise above key Fib puts late-Oct cloud twist in view nL1N2RA1K1

  • Pair eyes Thurs low supt ay 1.3659, then 10-DMA at 1.3611

  • Resistance at 55-DMA by 1.3737, then daily cloud top at 1.3792

  • EUR/GBP slips 0.2% to 0.8471, Thurs range 0.8488-55; UK hike view trumps steady ECB outlook

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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