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Apr 15 - 01:55 PM

GBP/USD - Steady Despite US Retail Sales Beats, US Yield Dip Tempers USD Gain

By Paul Spirgel  —  Apr 15 - 01:20 PM
  • GBP/USD ending NorAm +0.06% at 1.3785, NorAm range 1.3806-1.3763

  • Early rally post-US RS beats to 1.3806 pared; USD gains subdued as rates dip

  • GBP steadies after US retail sales hubbub, underpinned for now nL1N2M81NY

  • US Eurodollar strip rises 7-13bps 2023-25 keeps a lid on USD gains 0#ED:

  • GBP/USD support at 1.3751 Wed low, 1.3670 Apr 12 low, 1.3656 lwr 30-d Bolli

  • Bearish tone ebbs, GBP steady above 1.37, bulls eye move into cloud 1.3846

  • EUR/GBP slips 0.17% to0.8680, Thurs range 0.8696-72; EUR soft ahead of Fri's EZ inflation

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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