Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 17 - 03:55 PM

GBP/USD - Bears In Control After UK Retail Sales Miss, Upbeat UMich Data

By Paul Spirgel  —  Sep 17 - 01:49 PM
  • Sterling weak into NorAm close -0.33% at 1.3747; Fri range 1.3811-1.3741

  • Early NY rise post weak UK RS reversed, GBP/USD slides to 1-wk low by 1.3741

  • US U.Mich, UK retail sales add to sterling woes nL1N2QJ15J

  • Next week's Fed, BoE meetings to set tone amid potential policy changes

  • GBP/USD supt at Fri low, then Aug 8's 1.3727 & lower 30-d Bolli at 1.3661

  • Bears in control bulls need rise into daily cloud at 1.3826 to slow slide

  • Significant res above 1.39 at upper 30-d Bolli (1.3911) and 100-DMA (1.3912)

  • EUR/GBP ends NY near 'unched' at 0.8529; moves USD based after upbeat UMich data

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!