Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 21 - 01:55 PM

GBP/USD - Slips Below 1.30, Eyes Trend Low At 1.2975

By Paul Spirgel  —  Oct 21 - 11:50 AM
  • GBP$ soft into Europe close, -0.47% at 1.2989; Monday range 1.3058-1.2987

  • Rising UST yields the initial catalyst for broad USD gains

  • BoE's Greene sticks to view that rate cuts should be gradual nL8N3LX136

  • Greene voted to hold; also said full effects of high rates not seen yet

  • More BoE speakers on tap this week, as well as flash PMIs/CBI Thursday

  • GBP$ supt 1.2975 Oct. 17 low, 1.2961 the 100-DMA, 1.2908 lwr 30-d Bolli

  • Res 1.3033 falling 100-HMA, 1.3058 Monday high, 1.3099 rising 55-DMA

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
!