By Paul Spirgel — Sep 27 - 01:40 PM
GBP$ soft in NorAm afternoon, -0.224% at 1.3385; Friday range 1.3428-1.3360
Net change down on day but GBP$ remains anchored near 2024 high by 1.3434
Risk across markets broadly bid after China ramps up stimulus
U.S. data tipped to more dovish Fed policy path, on soft consumption, PI
Sterling flirts with 2024 high after US consumption, income dip
LSEG's IRPR shows Fed to cut add'l 198bp by Dec 2025, BoE a further 154bp
Res 1.3434 2024 high Sep 26, 1.3437 Feb 25 '22 high, 1.3553 Fed 24 '22 high
Supt 1.3360 Friday low, 1.3314 Daily lows Sep 25/26, 1.3308 rising 10-DMA
Source:
Refinitiv IFR Research/Market Commentary