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Dec 16 - 03:55 PM

GBP/USD - Holds Daily Gain, Nearly Unchanged On Year

By Robert Fullem  —  Dec 16 - 01:45 PM
  • GBP/USD breaks streak of lower high, nears 1.27 before settling

  • Rise followed a drop to 1.2635 day's low after US ISM services beat

  • GBP/JPY moves above 194.84 200-DMA to three-week high amid yen sales

  • EUR/GBP slides after failing to top 0.8330 55-DMA

  • Upcoming data includes UK jobs on Tuesday and CPI on Wednesday

  • BOE expected to hold rates at 4.75% on Thursday, Fed seen cutting Wed.

  • Seasonals support sterling into year-end

  • Two-year ascending trendline near 1.2600 and 1.2611 Jan. 2 low support

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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