By Paul Spirgel — Aug 22 - 01:50 PM
GBP$ ending NorAm -0.1% at 1.2740; NorAm range 1.28-1.2719
Europe high put in on UST yield dip; front-end yield rise weighs on GBP
Sterling probes daily cloud base support as US yields tick higher
Jackson Hole, Powell Friday key event; marts tipped to high-for-longer Fed
Supt by bruised dly cloud base 1.2726, then Aug 18 low 1.2690, 100DMA 1.2634
Res 55-DMA at 1.2771, Aug 22 high 1.28, 30-DMA 1.2827
UK Aug flash PMIs on Wednesday seen soft may diminish BoE rate expectations
But, U.S. jobless claims and Powell comments Friday more meaningful
Source:
Refinitiv IFR Research/Market Commentary