By Paul Spirgel — Apr 01 - 01:50 PM
Sterling soft into NY close, -0.37% to 1.3096; NorAm range 1.3145-1.3087
Diverging Fed-BoE rate view in focus after upbeat NFP data nL2N2VY37F
Sterling supported sub-1.31 after cheery US payrolls data nL2N2VZ1MA
Bulls remain wary of 10-DMA res by 1.3157, GBP/JPY bid likely props up GBP
Supt at Mar 29 low 1.3052, 2022 low 1.30; below eyes early Nov 21 low 1.2845
Bulls need a rise abv 1.3228's 30-DMA to stem bearish tide
EUR/GBP +0.1% to 0.8427, Fri range 0.8440-11; EZ-UK rate convergence favors EUR strength
GBP Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary