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TDUX
Aug 25 - 03:55 PM

GBP/USD - Support Building Near 1.3620 As Traders Await Fed Policy Clues

By Refinitiv  —  Aug 25 - 01:43 PM

• GBP trades either side of flat in NY afternoon, +0.08% at 1.3638; Tues range 1.3652-23

• Slight range amid seasonal illiquidity, marts cautious pre-Jackson Hole Symposium

• Fed Chair Warsh to give keynote address Friday at 10AM the main event

• Pair steady amid slide in oil, despite expanded sanctions on Iran; UK fiscal angst ebbs

• UK long-end gilts follow UST yields lwr after US Trsry Sec Bessent raises buyback pgm

• GBP$ supt 1.3619 Friday low, 1.3600 psychological lvl, 1.3573 rising 10-DMA

• Res 1.3656 daily high Aug 24, 1.3672 upper 30-d Bolli, 1.3712 daily high Feb 11

GBP Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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