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Feb 11 - 02:36 PM

GBP/USD - Shines After UK GDP Beat, Powell's Appropriate Fed Rate View

By Paul Spirgel  —  Feb 11 - 01:00 PM
  • GBP/USD firm into NorAm close +0.3% at 1.2950; Tues range 1.2968-1.2895

  • Pair holds post-GDP gains into close, amid steady Fed view Fed's Powell

  • Sterling takes signal from Powell after shrugging off GDP nL1N2AB0PG

  • Outgoing BOE's Carney see low rates, upward adjustments modest nL8N2AB5RX

  • GBP/USD supt 1.2873 2020 low, res 1.2968 Tues high, 1.3001 10-DMA

  • EUR/GBP lwr still -0.21% at 0.8434; upbeat UK GDP f/c, steady ECB weighs on

    EUR

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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