By Paul Spirgel — May 13 - 01:45 PM
Sterling firm into NY close +0.33% at 1.2240; NorAm range 1.2248-1.2156
GBP$ off early NorAm slip to new 2022 low at 1.2156, USD haven flows unwind
Sterling bulls woes continue as new 2-year low at 1.2156 probed nL2N2X513N
Preliminary UMich data well below f/c hints Fed rate view may temper
Supt at lwr 30-h Bolli at 1.2170, 2022 low 1.2156, May 18 2020 low 1.2075
Res Fri high 1.2248, 100-HMA at 1.2276, falling 10-DMA 1.2365
EUR/GBP -0.02% at 0.8504, Friday range 0.8528-03; USD haven unwind lifts GBP, EUR symmetrically
GBP Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary