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Dec 31 - 03:55 PM

GBP/USD - Overnight US Dollar Lift Extended In New York

By Christopher Romano  —  Dec 31 - 01:04 PM

• NY opened near 1.2540 after 1.2569 traded in Europe's morning, drop extended

• Overnight US$ rally extended in NY as yields turned positive

• Equity drop & USD/CNH rally helped reinforce the US$ rally

• GBP/USD turned lower, traded down to 1.2508, was down -0.27% late

• Hold below 10-DMA, falling daily RSI are bearish tech signals

• Consolidation phase of recent drop adds to the bearish signals
gbpusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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