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Jul 15 - 04:55 AM

GBP/USD - Respects 1.30 Resistance Level Before Powell Speaks

By Rob Howard  —  Jul 15 - 03:00 AM
  • Cable has traded a 22 pip range thus far Monday; 1.2960-1.2982 nL1N3J703A

  • 1.2960 is lowest level since Friday's one-year high 9.5 pips shy of 1.3000

  • Fed Chair Powell to speak at the Economic Club of Washington at 1630 GMT

  • MPC dove Dhingra says BoE should cut interest rates (next decision Aug 1)

  • CFTC data showed net GBP long jumped 36% to 17-year high after UK election

  • Trump-victory trades to swell after shooting, investors say nL1N3J60A7

Source:
Refinitiv IFR Research/Market Commentary

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