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Feb 10 - 03:55 PM

GBP/USD - Boosted By US Inflation Miss, Inches Closer To 1.40

By Paul Spirgel  —  Feb 10 - 02:04 PM
  • GBP/USD rallies to new trend high at 1.3865, ends NorAm 1.3845 +0.25%

  • Pair holds 1.38 after Tues late-day rally, move higher after US CPI miss Wed

  • Sterling rises to new 34-month high by 1.3865 after US CPI miss nL1N2KG1IQ

  • Res at 1.3872 monthly cloud base, upper 21-wk Bolli at 1.3899 nL1N2KF0ID

  • Significant GBP option barriers tipped by 1.40 nL1N2KG0UR

  • Bulls in control above 10-DMA at 1.3721, bears need sub 1.3527 50% of 1.319-1.3865

  • EUR/GBP ends NY 0.8758 -0.08%, Wed range 0.8780-52; GBP gains on cont'd EUR unwind

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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