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Thomson Reuters
May 31 - 03:48 PM
GBP/USD - Abating Italy Angst Boosts GBP/USD, For Now
First appeared on eFXplus on May 31 - 02:25 PM
  • GBP/USD opened NY 1.3325, hovers near 1.3300; Thurs range 1.3348-1.3279
  • GBP boosted by unwind of Italy-related USD longs, DXY off 0.11%
  • GBP reacted to EUR selling on Italy; UK rates, Brexit main theme for GBP
  • UK hm prices data miss (nL5N1T20VA), Nov/Dec hike odds up a tad (BOEWATCH)
  • GBP/USD res 1.3347 200-HMA, 1.3353 10-DMA, 1.3386 May 25 high
  • Supt 1.3279 early NorAm low, 1.3242 Wed low, 1.3205 Tuesday's 2018 low

chart: Click here

Source:
Thomson Reuters IFR Markets

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