By Paul Spirgel — Mar 29 - 12:25 PM
GBP$ ending NorAm +0.08% at 1.2632; Friday range 1.2645-10
Trading muted owing to equity/bond market closures, holiday liquidity drain
Pair rallied after highly anticipated U.S. core PCE came in on-target
Powell talk keeps current high-rate Fed narrative intact; all about data
USD bid ahead of data, month-end & holiday ebbs into Friday close
Support at 1.2610 Friday low, 1.2588 200-DMA, 1.2550 lower 30-d Bolli
Res 1.2635 bruised cloud base, 1.2657 100DMA, 1.2689 daily conversion line
Source:
Refinitiv IFR Research/Market Commentary