By Paul Spirgel — Aug 26 - 01:25 PM
GBP$ soft in NY afternoon, -0.13% at 1.3202; NorAm range 1.3208-1.3181
UK out for bank holiday, late summer liquidity keeps pair in tight range
USD slightly, but broadly, bid after dovish Powell Jackson Hole comments
September Fed policy shift in the cards, size remain a question
Powell tipped to shift to jobs focus from inflation; NFP Sept 7 hey data set
GBP$ res at 1.3222 Mon high, 1.3230 Friday high, 1.3299 Mar 23 2022 high
Supt 1.3181 Monday low, 1.3165 rising upper 30-d Bolli, 1.3087 Friday low
Series of higher high, higher lows ends may hint a diminishing demand
Though holiday may have played a factor in bullish temperance
Source:
Refinitiv IFR Research/Market Commentary