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Aug 26 - 03:55 PM

GBP/USD - Slides Ahead Of Powell's Jackson Hole Speech On Hawkish Fed Tilt

By Paul Spirgel  —  Aug 26 - 01:53 PM
  • GBP/USD Slides into NorAm close, -0.45% at 1.3702; NorAm range 1.3749-1.3698

  • Pair supported by Wed low 1.3698, lwr 30h Bolli 1.3696, lwr 30d Bolli 1.3613

  • GBP slides as hawkish Fed taper tones help data-driven dollar nL1N2PX1A3

  • Longs lighten pre-Friday's Powell J-Hole address, Fed members lean hawkish

  • Resistance firm by daily cloud base at 1.3766, then stacked DMAs 1.38-1.3842

  • EUR/GBP +0.25% at 0.8576, Thurs range 0.8582-0.8553; pair capped by 30-WMA at 0.8608

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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