By Paul Spirgel — Feb 23 - 01:10 PM
GBP$ slides into NorAm close, -0.38% at 1.1993; Thurs range 1.2075-1.1992
USD catches late bid after Core PCE Q4 revised higher job mkt tight
Fri's JP CPI, U.S. core PCE release in focus for hints at JP-US rate path
Sterling boosted off low after Mann downplays BoE rate pivot nL1N3531DQ
Support holding at Tues low 1.1990 just below Thurs low 1.1993
100-DMA at 1.1933 in focus as GBP$ consolidates below the 10-DMA at 1.2063
Fed rate view dominates; IRPR/Eikon sees Fed +78bp by Jul, BoE +68bp by Aug
EUR/GBP +0.2% at 0.8822, Thurs range 0.8824-0.8795; ECB seen +132bp by Sep
Source:
Refinitiv IFR Research/Market Commentary