By Rob Howard — Sep 08 - 03:05 AM
Cable meets headwind at 1.2510 after pushing recovery envelope from 1.2445
1.2445 was 13-week low Thursday (after below-forecast US jobless claims)
Offers at 1.2510 also capped rally from 1.2484 (post-ISM beat low Wednesday)
Resistance levels beyond 1.2510 include 1.2529 (Tuesday low) and 1.2542
1.2542 was Wednesday low before Bailey said BoE 'much nearer' to peak rates
Thursday low was 19 pips shy of 200DMA (GBP/USD above it since early March)
Source:
Refinitiv IFR Research/Market Commentary