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TDUX
May 14 - 01:55 AM

GBP/USD - Steady After Surviving Test Of 100-Day MA

By Krishna Kumar  —  May 13 - 11:39 PM

• GBP/USD unchanged in Asia after closing 0.1% lower on Wednesday

• Weighed down by broad dollar strength and UK political turmoil

• Fed Dec rate hike bets rise on signs U.S. inflation becoming pervasive

• GBP and UK bonds stabilise as Starmer challenger fails to emerge

• Gloom in UK housing market shows no sign of lifting, RICS survey shows

• POLL-BoE to hold rates at 3.75% this year, but growing minority expect hike

• UK Q1 and March GDP, industrial and manufacturing output, and trade due Thu

• Support at 100-day MA at 1.3484, daily close below opens 1.3450-55, 1.3410

• Resistance 1.3550,1.3590-1.3600; Wed range 1.3485-1.3548, Asia 1.3505-1.3530
GBP:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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