By Paul Spirgel — Feb 07 - 01:37 PM
• GBP$ trades -0.15% at 1.2420 in NY afternoon; NorAm range 1.2490-1.2377
• Pair whippy after U.S. payrolls firm on headline, sold on revision, wages
• USD got added boost after talk of U.S. reciprocal tariffs likely next week
• Sterling likely to struggle more after US payrolls
• Upcoming U.S.-Feb 12, UK-Feb 19 CPI in focus for hints at c.bank policies
• GBP$ supt 1.2377 Friday post-payroll, tariff talk low, 1.2249 Feb 3 low
• Res at falling 55-DMA by 1.2505, 1.2550 tariff delay flash relief high
Sterling Chart:
(Paul Spirgel is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
