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Mar 08 - 03:55 PM

GBP/USD - Steady Near 2023 Low Ahead Of Friday's Payroll, Tuesday's CPI Data

By Paul Spirgel  —  Mar 08 - 01:35 PM
  • GBP$ ekes out small gain +0.08% at 1.1835; Wed range 1.1855-05

  • Risk-sensitive GBP just above 2023 low amid more-hawkish Fed tones

  • JOLTS abv Rtrs consensus shrugged off; upcoming NFP Fri, CPI next wk in view

  • Powell undecided on March hike reduced some hawkish tension pre-NFP

  • Recent shorts lighten as Fed undecided on Mar hike, ahead of key NFP Friday

  • Steady sterling remains vulnerable as global rates dramas play out

  • GBP$ supt 1.1805 Wed low, 1.1796 lwr 30-d Bolli, 1.1780 Daily Low Nov 21

  • Res 1.1855 Wed high, 1.1907 200-DMA, 1.2006 down TL from Feb 1.2400 high



Source:
Refinitiv IFR Research/Market Commentary

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