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Sep 03 - 03:55 PM

GBP/USD - Bulls Turn Tail, Support Respected At 10-DMA By 1.3243

By Paul Spirgel  —  Sep 03 - 01:45 PM
  • GBP/USD ends NorAm -0.65% at 1.3270; NorAm range 1.3297-44

  • Pair moved steadily lwr Thurs falling from Asia high 1.3360 to NY low 1.3244

  • USD short-covering ahead of US NFP, Labor Day holiday; EUR selling post-Lane

  • EUR/USD troubles keep sterling hamstrung nL1N2G00TQ

  • USD gains shift focus back to Brexit nL8N2G03N0, UK pandemic & growth woes

  • EUR/GBP +0.54% at 0.8924, Thurs range 0.8930-0.8866; GBP sold broadly vs USD, EUR and JPY

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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