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