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Dec 09 - 01:55 PM

GBP/USD - Ekes Out Slight Gain, Hovers By 2021 Low Ahead Of Upcoming BoE Meet

By Paul Spirgel  —  Dec 09 - 01:22 PM
  • GBP/USD +0.05% at 1.3210 into NY cls; Thurs range 1.3217-1.3173

  • Pair remains dogged by Omicron angst, falling BoE hike prospects

  • GBP steadies near 1.32 after Plan B, focus shifts to Fed, BoE nL1N2SU1BB

  • Sterling hovers precariously near Wed's 2021 low by 1.3162

  • Dovish BoE Dec 16 likely puts 200WMA, 1.3152 lwr 30-d Bolli 1.3133 in focus

  • Sub-1.3133 bears target Q4 2020 lows on way to Nov 6 wkly low 1.2854

  • EUR/GBP slips 0.61% to 0.8543; risk hit amid PBoC FX RRR hike

  • EZ-UK rate convergence trades loses momentum as ECB rates seen steady thru Dec 2022

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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