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