By Paul Spirgel — Jan 24 - 01:25 PM
GBP$ ending NorAm -0.35% at 1.2327; Tuesday range 1.2414-1.2264
Pair shrugs off UK PMI misses, US PMI beat rallies amid falling US rates
Sterling bears test 10-DMA support sub-1.23 after UK PMI misses nL1N349128
Rates remain key driver, focus on US GDP, PCE Thurs; Fed, BoE meets Feb 1,2
Support at 10-DMA 1.2289, Tues low 1.2264, daily cloud top 1.2181
Res 1.2367 100-HMA, 1.2414 Tuesday high, 1.2448 Jan 23 2022 daily high
EURGBP +0.52% at 0.8823, Tues range 0.8846-0.8768; UK PMI misses weighs on GBP, ECB seen more hawkish
Source:
Refinitiv IFR Research/Market Commentary