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Jan 30 - 03:55 PM

GBP/USD - Bears Wary Of 30-DMA, Await Tariff And BoE Policy Details

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

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