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Thomson Reuters
Jan 04 - 12:12 PM
GBP/USD - Jumps To Threaten 1.27 As Fed Chair Powell Speaks
First appeared on eFXplus on Jan 04 - 10:45 AM
  • Cable jumps to threaten 1.27 as Powell comments boosts risk appetite
  • Powell pledges patience, sensitivity to downside risks nW1N1YP03G
  • 1.2617 was GBP/USD low when Powell started to speak. 1.2616 = Asia low
  • The low before Powell started to speak was 1.2619, after the big NFP beat
  • Offers ahead of 1.27 capped cable at a Ldn am high of 1.2695 nL1N1Z409S
  • Break through 1.2702 Fibo resistance level could spur more short-covering

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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