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Mar 27 - 04:55 PM

GBP/USD - Ticks Higher With Gilt Yields, Capped Near 1.3000, For Now

By Refinitiv  —  Mar 27 - 02:39 PM

• GBP$ holds healthy gain into NY close, +0.55% at 1.2955; NorAm range 1.2992-23

• Pair follows gilt yields higher, remain anchored in 1.2862-1.3015 range since Mar 10

• Symmetrical Fed, BoE policy outlooks keep GBP/USD anchored near trend highs

• ,Sterling ambivalent near 2025 highs amid rate, tariff uncertainty nL6N3QA0MH

• Responsible fiscal view post-spring stmt, BoE managing policy responsibly aids GBP

• Still, fluid Trump tariff policy may weigh on GBP/USD into Apr 2's "Liberation Day"

• GBP$ res 1.2992 Thursday high, 1.3015 2025 high on Mar 20, 1.3119 upper 30-d Bolli

• Supt 1.2887 rising 21-DMA, 1.2872 Thurs low, 1.2788 50% Fib of 1.2560-1.3015



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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