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Dec 03 - 01:55 PM

GBP/USD - Eyes 2021 Low Sub-1.32 Amid Declining UK Hike Expectations

By Paul Spirgel  —  Dec 03 - 01:17 PM
  • Sterling slide continues unabated, -0.5% at 1.3227; Fri range 1.3311-1.3209

  • Post-NFP rise to 1.3311 reversed as traders focus on falling unemp rate

  • Back to the BoE blues for sterling after brief US jobs lift nL1N2SO18A

  • Saunders less-hawkish nL8N2SO2MW, Dec 16 hike odds diminish weigh on GBP

  • GBP/USD supt at Fri low 1.3209, Nov 30-2021 low 1.3195, lwr 30d Bolli 1.3156

  • Res at falling 10-DMA at 1.3318, 1.3453 the 50% Fib of 1.4250-1.2676

  • EUR/GBP +0.57% to 0.8544, Fri range 0.8547-0.8495; diminished UK rate hike outlook prods short EUR covering

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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