By Paul Spirgel — Mar 28 - 01:45 PM
GBP$ ending NY in middle of Thurs range -0.11% at 1.2627; NY range 1.2655-12
Hawkish Waller comments late Wednesday drive trading pre-holiday; US PCE Fri
Weak Chicago PMI data boosted GBP$ fleetingly; upbeat UMich reversed gains
Sterling eyes trend lows; capped by holiday liquidity, Waller comments
Friday's core PCE data in focus despite diminished holiday eyeballs
U.S. Q4 GDP beat supports Waller's high-for-longer musings
Res at Thurs high 1.2655, Fri's daily cloud top 1.2671, 30-DMA 1.2694
Support 1.2612 early NorAm low, 1.2590 200-DMA, 1.2576 March 22 low
Source:
Refinitiv IFR Research/Market Commentary