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Aug 31 - 04:55 PM

GBP/USD - Falls On BoE's Pill And Data-Driven Dollar Bounce Pre-Payrolls

By Content Admin  —  Aug 31 - 02:45 PM
  • Sterling fell 0.4% after a second daily high was faded at the 30-DMA

  • BoE Pill's comments were met with a 7.7bp drop in 2-yr gilts yields

  • More important than BoE comments are UK and US data, with NFP Friday

  • Cable's lows on Thur held just above the 100-DMA at 1.2648

  • Might need US jobs data to miss to get above the 30-DMA at 1.2740

  • Thur's US data reduced dollar bearishness from mid-week misses

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Refinitiv IFR Research/Market Commentary


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