By Paul Spirgel — Sep 19 - 02:05 PM
GBP$ firm in NorAm afternoon, +0.5% at 1.3280; Thursday range 1.3314-1.3155
BoE holds awaiting more data; need to be careful not to cut too fast
Pair slid to 1.3220 in NY after below f/c U.S. jobless claims
BoE's Bailey: Need to see residual inflation pressures disappear
Sterling bulls cautious after BoE hold nL1N3L10LR
Jumbo Fed 50bp cut, BoE hold sees UK-US rate diverge further; GBP bullish
EUR, JPY also soft versus GBP as more-hawkish BoE rate outlook supports GBP
Res Thurs high 1.3314, 1.3361 upper 21-d Bolli, 1.3437 Feb 27 2022 wkly high
Supt 1.3230 rising 30-Hr Bolli, 1.3155 Thurs low, 1.3080 the 30-DMA
Source:
Refinitiv IFR Research/Market Commentary