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Jun 04 - 05:55 PM

GBP/USD - Early Sterling Slide Pruned After JOLTS Data Ticks Lower

By Paul Spirgel  —  Jun 04 - 01:40 PM
  • Sterling paring losses into NY close, -0.15% at 1.2790; NY range 1.2792-46

  • Pair unable for 3rd time in six sessions to hold gain above 1.28

  • Sterling fades again above 1.28 despite falling US yields nL1N3I21FB

  • Pair boosted after soft JOLTS data sank yields further nL1N3I21KG

  • GBP$ res 1.2818 Tues high, 1.2842 upper 30-d Bolli, 1.2894 Mar 8 2024 high

  • Supt 1.2742 the 200HMA, 1.2696 23.6% Fib of 1.2299-1.2818, May 24 low 1.2676

Source:
Refinitiv IFR Research/Market Commentary

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