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