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Apr 04 - 03:55 PM

GBP/USD Propped Up Versus USD By EUR/GBP Selling

By Paul Spirgel  —  Apr 04 - 01:40 PM
  • GBP/USD slips into NY close -0.13% at 1.3098; NorAm range 1.3128-1.3094

  • GBP trade subdued vs USD, more volatile vs EUR amid heightened sanction talk

  • GBP$ capped by 10DMA as Fed mins vie for divergence spotlight nL2N2W20WP

  • GBP$ res ahead of 10-DMA at 1.3152, then 30-DMA by 1.3212

  • Supt at Friday low 1.3087, Mar 29 low 1.3052, Mar 15's 2022 low 1.30

  • EUR/GBP -0.61% at 0.8375, Mon range 0.8427-0.8370; UK rates trump steady EZ

  • Talk of Russia war crimes, more sanctions weighs on EUR broadly

For more click on FXBUZ


GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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