By Paul Spirgel — Aug 10 - 01:25 PM
GBP$ soft into NY close, ending NY flat at 1.2715; NorAm range 1.2818-1.2707
Post-CPI, claims rise to 1.2818 quickly dialed back, traders await more data
Focus shifts to UK inflation data Aug 16, for hints at BoE policy path
UK Sonia futures higher, as lean on softer UK inflation, lwr BoE rate path
Sterling remains firm after data hints at less-hawkish Fed path nL1N39R1P0
Bulls turn tail ahead of minor Fib at 1.2880; Thurs inverted hammer bearish
Support tested at 55-DMA by 1.2728, close below puts Wed low 1.2685 in view
More firm support at daily cloud top 1.2679, Aug 3 trend low 1.2620
Source:
Refinitiv IFR Research/Market Commentary