By Refinitiv — May 29 - 02:26 PM
• GBP$ near Thurs high +0.34% at 1.3503 in late NY trade; NY range 1.3507-1.3417
• Pair ending day bid, rebounds off early lows after US court blocked Trump tariffs
• US claims data hints labor mkt slowing, perhaps falling inflation faster Fed cuts
• Fri's core PCE price Idx in focus; tariffs remain a wild card for future inflation
• Another refocus moment for sterling nL6N3S10MC
• GBP res 1.3507 Thurs high, 1.3541 upper 30-d Bolli, 1.3593 2025 high on May 26
• Supt 1.3407 Thursday low, 1.3444 rising 10-DMA, 1.3367-50%
of
1.3140-1.3593
Sterling Chart:
(Paul.Spirgel is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters
