By Paul Spirgel — Nov 22 - 11:35 AM
GBP$ soft into London cls, -0.62% at 1.2513, NorAm range 1.2537-1.2503
Pair off 6-1/2-month session low 1.2475, shallow rise hints at offered tone
UK ret sales, flash PMIs soft adds to growing list of GBP$ woes
UK budget, Trump tariffs, geopolitics foments GBP spec long exit
Not much data ahead of US holiday next week; then year-end curating begins
BoE seen on hold in Dec, Fed 25bp cut odds diminishing now 53% as per IRPR
GBP$ supt 1.25 psychological lvl, 1.2475 Friday low, 1.2446 May 9 low
Res 1.2537 NorAm session high, 1.2593 Friday high, 1.2672 falling 10-DMA
Source:
London Stock Exchange Group | Thomson Reuters