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Sep 16 - 05:55 PM

GBP/USD - Fell To Tech Props On US Sales Data, UK Sales, Fed, BOE Ahead

By Randolph Donney  —  Sep 16 - 02:46 PM

  • GBP/USD dived to 1.3765 by recent up TL & 50% Fibo support nL1N2QI1T6

  • Big US retail sales recovery and early stocks slip were early weights

  • Pair off lows and down 0.36% last as Tsy yields crest, stocks bounce

  • Sterling is sensitive to stocks, global risk, particularly sell-offs

  • The 1% drop from Tues's peak at huge resistance eyes UK retail sales Fri

  • The BOE's faster tapering and expected rate hike timing vs Fed is a plus

  • Hopefully next week's Fed and BOE meeting will help hone that outlook

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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