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Thomson Reuters
Jan 04 - 03:48 PM
GBP/USD - Rallies On Dovish Powell Lean, EZ Inflation Miss
First appeared on eFXplus on Jan 04 - 01:40 PM
  • GBP/USD ending NY +0.73% at 1.2730; NorAm range 1.2744- 1.2617
  • Fed will be patient, sensitive to risks in markets -Powell nL1N1Z40W0
  • Bulls need a break above 55-DMA res at 1.2790 to gain control
  • Expect offers ahead of Daily cloud (1.2881-1.2996), supt at 1.2625 200-HMA
  • EUR/GBP -0.66% ends NorAm 0.8959; EZ inflation miss weighs on EUR

GBP Chart: Click here

Source:
Thomson Reuters IFR Markets

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