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Jan 25 - 10:55 PM

GBP/USD - Stalls, Giving Up Modest Gains Before US Core PCE

By Ewen Chew  —  Jan 25 - 10:05 PM
  • GBP/USD fades from Thurs peak 1.2419, back to Wed close 1.2400

  • Base of Bollinger uptrend channel at 1.2361 will catch dips

  • USD slightly soft as US Treasury yields stay down; 10y 3.441%

  • US core PCE, GDP data due later should be next triggers

  • Expected softening in inflation should further weigh on USD

  • Asia stocks mostly up, led by HK, as S&P futures +0.1%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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