By Paul Spirgel — Feb 27 - 01:35 PM
Sterling ending NorAm by session highs +1% at 1.2055; NY range 1.2062-1.1976
Broad risk-on USD selling, GBP rise gains momentum post-Brexit deal
UK-EU Northern Ireland deal could help sterling test 2023 highs
GBP$ moves back w/in daily cloud (1.2049-1.2206) eyes 21-DMa at 1.2106
Further res at 55-DMA by 1.2158, 1.2181's 50% Fib of 1.2448-1.1842
Above 50% Fib shifts control to bulls, eye dly cloud top, Feb 14 high 1.2269
Support rising 10-HMA 1.2013, Feb 27 low 1.1923lower 30-d Bolli 1.1871
EUR/GBP slides 0.4% to 0.8794, Mon range 0.8835-0.8790; Brexit deal removes a layer of UK uncertainty
Source:
Refinitiv IFR Research/Market Commentary