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Feb 05 - 02:36 PM

GBP/USD - Slips On US ADP Beat As Fed Cut Expectations Dip

By Paul Spirgel  —  Feb 05 - 01:30 PM
  • GBP/USD rises off session low 1.2957 ends NY 1.3003; NY range 1.3061-1.2957

  • ADP beat lifts USD, less-dovish Fed tone widens US-UK rate diffs 0#ED:

  • Sterling abv lows as PMI beats reduce rate cut expectations nL1N2A50L0

  • GBP supt ahead of lwr 30-d Boll (1.2937), res by 55-DMA near 1.3061

  • EUR/GBP -0.23% at 0.8458, Wed range 0.8490-35; less-dovish Fed rate view hit EUR

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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