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Jun 30 - 03:55 PM

GBP/USD - Shrugs Off Disappointing Current Account Data, Focus On US Yields

By Refinitiv  —  Jun 30 - 02:11 PM

• GBP$ back to flat at 1.3710 in NY afternoon, NorAm range 1.3722-1.3674

• Early slide after soft UK investment data, worsening current acct revered in NorAm

• Fed rate cut odds rising, long-end UST yields lower weigh on USD broadly

• Can sterling overcome c/a concerns? nL6N3SX0M3

• U.S. PMI, JOLTS data July 1 and payrolls Jul 3 in focus for Fed policy clues

• GBP$ supt 1.3660 Jun 26 low, 1.3573 rising 10DMA, 1.3520 23.6% of 1.2712-1.3770

• Res 1.3722 Mon NorAm high, 1.3770- 2025 high on Jun 26, 1.3834 late-Jul 2021 high



GBP Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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