By Paul Spirgel — Jan 30 - 01:37 PM
• GBP$ trades flat in NY afternoon at 1.2445; Thurs range 1.2477-25
• Pair supported ahead of its 30-DMA by 1.2410; 4th straight day
• Asst'd c.bank machinations hold no sway for GBP, next week's BoE in focus
• Tariff concerns continue to constrain broad moves ahead of Feb 1 deadline
• Tariff cliffhanger and looming BoE raise questions for sterling
• GBP$ res 1.2477 Thurs high, 1.2525 falling 55DMA, 1.2571- 50% of 1.3043-1.21
• Supt 1.2410 the 30-DMA, 1.2351 Jan 24 low, 1.2231 the Jan 21 low
GBP Chart:
(Paul Spirgel is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters