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Aug 28 - 03:55 PM

GBP/USD - Bulls Clear 1.33 Hurdle, Eye December's 1.3516 Trend High

By Paul Spirgel  —  Aug 28 - 01:45 PM
  • GBP/USD gallops higher ends NY +1.02% at 1.3335; NorAm range 1.3357-1.3263

  • GBP to new 2020 high post-Powell infl shift in thin summer markets FXHEAT

  • Fed fallout, EUR/USD gains help sterling take 1.3300 nL1N2FU0WD

  • Res 1.3360, upper 30-d Bolli, 1.3422 Dec 16 high; Dec 13s 1.3516 in view

  • Bulls in control abv 1.3122, 21-DMA which has trailed price since early July

  • EUR/GBP slips 0.4% to 0.8917, Fri range 0.8973-12

  • Extreme EUR long lightens after accommodative Lane comments at J-hole nS8N2FS02Y

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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