By Paul Spirgel — Mar 31 - 01:30 PM
Sterling slides into NY close-0.32% at 1.2343; NorAm range 1.2396-42
Pair hit March high 1.2423 in Asia trading, eyes 2023 high Jan 23's 1.2448
GBP bulls shrug off below-f/c core PCE data which hints at lwr Fed rate path
Sterling ending March up 2.7% as data hints at end of Fed hike cycle
Res falling 10-HMA 1.2369, Friday high 1.2432, 2023's Jan 23 high 1.2448
Quarter-end positioning boosts USD, higher GBP rate view to keep GBP bid
EUR/GBP flat into close at 0.88, Fri range 0.8806-0.8777; flows USD based
Source:
Refinitiv IFR Research/Market Commentary