By Paul Spirgel — Feb 08 - 01:40 PM
GBP/USD ending NorAm near highs, +0.23% at 1.2078; NY range 1.2105-1.2055
Pair gins as market sought more hawkish Powell on Monday, short unwind
Fed's Williams, Cook, Kashkari see terminal rate above 5%, possibly higher
Sterling falters at resistance above 1.21; traders eye UK GDP, US CPI
Res at daily cloud top 1.2093, Feb 8 high 1.2109, daily Kijun line 1.2145
GBP bulls gain control abv 1.2205 50% Fib of 1.2448-1.1962 Jan-Feb dip
Supt Wed low 1.2043, hrly cloud twist 1.2028, Feb7 low 1.1962, 200DMA 1.1949
EUR/GBP -0.24% at 0.8882, Wed range 0.8911-0.8875; GBP shorts lighten ahead of Bailey Feb 9, UK data Feb 10
Source:
Refinitiv IFR Research/Market Commentary