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TDUX
Jul 30 - 01:55 AM

GBP/USD - Slips As Long-Dated US Yields Surge; BoE Decision Eyed

By Krishna Kumar  —  Jul 30 - 12:00 AM

• GBP/USD down 0.2% in Asia on profit-taking after a 0.6% rally Wednesday

• Slips from an early 1.3383 high to 1.3344 as long-dated U.S. yields surge

• U.S. 30-year yield hovers near 19-year high hit Wed when it gained 12 bps

• Fed holds rates, its inflation resolve questioned, Warsh dodges guidance

• BoE expected to hold rates at 3.75% in a 6-3 vote Thursday

• Resistance at 1.3381, ten 1.3396-98 where 100 & 200-day MAs converge

• Support 1.3310-15, 1.3275-80; Wed range 1.3280-1.3385
GBP:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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