By Paul Spirgel — Feb 06 - 01:20 PM
Sterling soft into NY close, -0.33% at 1.2012; Mon range 1.2077-06
USD broadly bid as rates rise further post-NFP, UK growth doubts aid decline
GBP$ dip muted relative to other major CCYs as UK rates follow U.S. higher
Sterling rides coattails of rising Fed terminal rate view nL1N34M12K
BoE's Pill: Haven't got to point for discussion about rates turning point
Supt 1.2007 Mon low, 200DMA 1.1954, 100DMA 1.1811, daily cloud base 1.1753
Res 1.2031 30HMA, 1.2077 Monday high, 1.2090 200HMA, 1.2145 Daily Kijun line
EUR/GBP -0.46% at 0.8918, Monday range 0.8958-16; UK rate rise outpaces EU lifts GBP
Source:
Refinitiv IFR Research/Market Commentary