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Aug 19 - 03:55 PM

GBP/USD - Slides Picks Up Steam After Fed Mins Tipped Optimistic

By Paul Spirgel  —  Aug 19 - 02:20 PM
  • GBP/USD soft into NY cls -0.88% at 1.3118, NorAm range 1.3227-1.3115

  • Pair moved lower on upbeat Fed mins, Fed sees econ & jobs pickup

  • Path of recovery hinges on highly uncertain path of virus nW1N2F101A

  • Bulls in control even as sterling slips before Fed minutes nL1N2FL0R8

  • U.S. rates expected to remain low-for-longer, YCC downplayed

  • Pair finds support ahead of 10-DMA by 1.3096, then 21-DMA by 1.3023

  • EUR/GBP +0.21% at 0.9030, Wed range 0.9043-0.9005; EUR/USD relative haven vs GBP

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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