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Feb 06 - 01:55 PM

GBP/USD - Eyes Support By 1.20 Amid Rising US Rates, UK Growth Angst

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

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