Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 30 - 03:55 PM

GBP/USD - Slide Extended After PCE, Consumption Data Hints At Less-Dovish Fed

By Paul Spirgel  —  Aug 30 - 01:35 PM
  • GBP$ dipped 0.37% to 1.3120 by NY afternoon; NorAm range 1.3186-10

  • UST yields rise, Fed rate cut odds slip after in-court PCE price data

  • Sterling slips after US PCE, consumption data tempers dovish tones

  • UMich Sentiment/conditions/expectations rise adds to USD allure

  • Supt at 1.3110 Fri low, 1.3077 Aug 22 low, 1.29067 50% Fib of 1.2666-1.3269

  • Res 1.3149 rising 200HMA, 1.3200 Friday high, 1.3269 2024 high hit on Aug 27

  • Next Friday's U.S. payrolls in focus for clues to Fed policy path

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!