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Jul 15 - 03:55 PM

GBP/USD - Shrugs Off Hawkish Saunders Comments, Respects 1.39 Again

By Paul Spirgel  —  Jul 15 - 01:35 PM
  • GBP/USD slips into Noram close -0.32% to 1.3822; NY range 1.3875-22

  • Saunder's joins hawkish chorus nIfpbWHWy6, GBP bulls wary near 1.39

  • Sterling contained by 1.39 despite bullish data, hawkish BoE nL1N2OR1JE

  • Abv 1.3912's wkly high bulls eye 55/30-DMA by 1.3937, dly cloud base 1.3960

  • Supt 1.38 Jul 12 low, 1.3734 Jul 2 low, 1.3673's lower 30-d Bolli

  • EUR/GBP ends NY -0.05% at 0.8541, Thurs range 0.8568-11; GBP selling into close boosts XXX

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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