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Feb 25 - 02:36 PM

GBP/USD - Bulls Emboldened By Lower Fed Rate View, 55-DMA At 1.3052 In Focus

By Paul Spirgel  —  Feb 25 - 01:15 PM
  • GBP/USD Bid in NY aft, +0.63% at 1.3008, NY range 1.3018-1.2952

  • Cable traders shrug off coronavirus, Brexit; focus on lower Fed rate outlook

  • Sterling mounts another run at 1.3000 with BoE, US rates help nL1N2AP0BQ

  • EU-UK final status talks begin Mar 2 nB5N2AK01G, may temper further gains

  • Res at 1.3018 Tues high, then 1.3052 55-DMA; Support at Feb 20 low 1.2849

  • EUR/GBP -0.43% at 0.8362, Tues range 0.8395-0.8339; GBP gains outstrip EUR

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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