Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 29 - 04:55 AM

GBP/USD - Hugs 1.31 After Modest Lift From Bailey-Spurred Low

By Rob Howard  —  Mar 29 - 02:45 AM
  • Cable has traded a 26.5 pip range thus far Tuesday; 1.3106 = intra-day high

  • 1.3106 is also high since Monday's 1.3066 low (lowest level since March 16)

  • Drop to 1.3066 was influenced by vibe from BoE Bailey in Brussels speech

  • Bailey stuck to same tone on rates as per dovish BoE March hike nL5N2VV34I

  • In contrast, Fed officials have been much more hawkish on rates recently

  • 1.3121 (last week's low) and 1.3150 are resistance levels beyond 1.3106

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!