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Sep 01 - 01:55 PM

GBP/USD - Clings To Slight Gain After Rebuff Ahead Of Dec High By 1.3516

By Paul Spirgel  —  Sep 01 - 01:30 PM
  • GBPUSD clings to slight gain +0.11% at 1.3386; NY range 1.3481-1.3385

  • Dollar rose after upbeat US ISM data EM reversed some post-Powell weakness

  • Sterling elbows EUR/USD aside in advance on last year's high nL1N2FY0VW

  • Despite drop from 9-mos high, bulls in control abv 21-DMA (1.3151)

  • GBP back w/in Bolli envelope; Bolli's, DMA's point up, hint at further gains

  • EURGBP -0.29% at 0.8903, Tues range 0.8945-0.8889; EZ inflation dip hits EUR

  • EURUSD probe above 1.20, 28-month high brings out offers

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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