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Jun 16 - 03:55 PM

GBP/USD - Early Sterling Rise Reversed Ahead Of 200-DMA On U.S. RS Beat, Powell Comments

By Paul Spirgel  —  Jun 16 - 01:50 PM
  • GBP/USD fades into NY close -0.21% at 1.2575; NorAm range 1.2681-1.2553

  • Early rise on upbeat Brexit vibe and UK employment beat undone by US RS beat

  • Powell cautious on corona, committed to use full range of tools nW1N26P027

  • GBP/USD offered pre-200DMA (1.2691); supt by 100DMA (1.2531), 21DMA (1.2463)

  • Brexit, employment optimism could brighten sterling outlook nL1N2DT14I

  • EUR/GBP off early lows ending NY 0.8952 -0.36%; risk on marts favors GBP over EUR

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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