Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 24 - 08:55 AM

GBP/USD - Falls To One-Week Low Pre-U.S. Core PCE Data

By Rob Howard  —  Feb 24 - 06:35 AM
  • Cable drops to 1.1982 before U.S. January core PCE data at 1330 GMT

  • 1.1982 = one-week low (1.1915 was six-week low last Friday)

  • GBP/USD might fall further if the core PCE data is hotter than expected

  • Up 0.4% MM, 4.3% YY is the consensus forecast nL8N3536VS

  • Hot data could increase risk of 50 bps Fed rate hike next month

  • 1.1943 (100DMA) and 1.1932 (200DMA) are support levels pre-1.1915

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!