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Aug 23 - 02:36 PM
GBP/USD - Firm As Dovish Powell, Trump Trade Angst Overshadow Brexit
First appeared on eFXplus on Aug 23 - 12:15 PM
  • GBP/USD breaks abv Thurs high to 25-day high 1.2279, then back to 1.2252
  • Pair lifted by dovish Powell tones, to act as appropriately on rates
  • Pres Trump fires new salvo in trade war boosts havens, UST, gold USD hit
  • Trump presses U.S. companies to close China operations nW1N24C01I
  • Brexit angst sidelined as players look for backstop alternative nL5N25J1VL
  • Res Daily Kijun 1.2286, 1.2399 50% Fib of 1.2784-1.2015; supt 1.2151 21-DMA

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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