By Paul Spirgel — Jan 11 - 01:35 PM
GBP$ hovers near flat into NY cls, -0.1% at 1.2140; Wed range 1.2176-02
USD, USTs relatively steady ahead of widely-anticipated CPI Thursday
Sterling eyes 21-DMA supt just below 1.21 ahead of key US CPI nL1N33W17D
Below 1.21 supt at 10DMA 1.2069, 200DMA at 1.2006 and daily cloud top 1.1935
Res at Wed high 1.2176, Monday's 2023 high 1.2209, Dec 19 high 1.2242
EUR/GBP +0.24% at 0.8857, Wed range 0.8881-0.8829; hawkish ECB tones trump tepid BoE hike talk
Source:
Refinitiv IFR Research/Market Commentary