By Paul Spirgel — Mar 31 - 01:35 PM
Sterling hovers near flat +0.05% at 1.3144; Thurs range 1.3176-07
Fed, ECB control sterling's fortunes as BoE dithers nL2N2VY1EA
Rally off early NorAm low 1.3107 stalls at 1.3176 just abv 10-DMA at 1.3165
Failures by 10-DMA add to bearish structure, pair holds near 2022 low 1.3000
Falling DMA's, cloud bearish; bulls need rise abv 30DMA 1.3245 to stem slide
Support at Mar 29 low 1.3052, 2022 low 1.30, and lower 30-d Bolli at 1.2899
EUR/GBP runs into res just abv the 55-DMA at 0.8508, slides 0.72% to 0.8434
Ukraine tensions rising dents EZ growth narrative, stunts hawkish ECB rate chatter
GBP Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary