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Jun 08 - 03:55 PM

GBP/USD - UK Reopening Uncertainties Keep Sterling Anchored By 21-Day Avg

By Paul Spirgel  —  Jun 08 - 01:35 PM
  • GBP/USD ending NorAm 1.4147 just above its NY open, NY range 1.4158-22

  • Pair remains caught in 1.41/1.42 range, soft on COVID, Brexit fears

  • GBP tests 21-day support amid growing reopening uncertainties nL2N2NQ17I

  • Consolidating by 10/21DMA 1.4146-62, Jun 14 cloud twist 1.3947-14 attracts

  • Rising Bolli's, DMA's keep 2021 high 1.4250 in view, despite offer by 1.42

  • EUR/GBP +0.11% at 0.8606, Tues range 0.8627-0.8599; EUR a tad firm vs GBP pre-ECB Thursday

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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