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Jun 10 - 03:55 PM

GBP/USD - Fed Holds, Eyes Steady Rates Through 2022, Sterling Holds Near 3-Month High

By Paul Spirgel  —  Jun 10 - 02:10 PM
  • GBP/USD drift higher into NY cls +0.42% at 1.2780, NY range 1.2803-1.2707

  • Pair firms on steady Fed as Fed pledges to remain accommodative in near-term

  • Fed sees rate steady thru YE 2022, longer run FF rate 2.5% nW1N2D901E

  • Steady Fed view helps sterling, puts 200-WMA by 1.2926 in focus nL1N2DN0ZV

  • IMM short unwind aids GBP lift despite Brexit fears, pot'l BoE neg rate view

  • EUR/GBP flat on day, Wed range 0.8918-0.8883; Fed meets keeps moves focused on USD

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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