By Paul Spirgel — Mar 07 - 01:41 PM
• GBP$ firm in NY afternoon, +0.15% at 1.2900; Friday range 1.2943-1.2877
• Pair shows little reaction to Powell comments, hovers near 1.29
• U.S. payroll data held little sway as sterling bulls remain invigorated
• Positioning may be sterling's not-so-secret weapon
• Focus shifts to U.S. CPI on Mar 12, Trump headline risk also a concern
• GBP$ res 1.2943 Friday 2025 high, 1.3046 Nov 6 2024 high
• Supt 1.2874 upper 30-d Bolli (fmr res), 1.2788 flat 200-DMA, 1.2732 10-DMA
• EURGBP bid post-ECB hawkish cut, German infrastructure spend talk may
temper
GBP$ rise
GBP Chart:
(Paul Spirgel is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters