By Paul Spirgel — Aug 24 - 01:35 PM
GBP$ ending NorAm by session low 1.2621, -0.9%; Thurs range 1.2729-1.2621
Fed's Powell Jackson Hole talk key event for hints at Fed policy tack
UST yields move toward pre-PMI highs after claims data downside miss
Sterling eyes trend low after claims hint Fed to remain restrictive
Pair testing 100-DMA (1.2638), close below targets Wed low 1.2615
Further support at lwr 30-d Bolli 1.2568, then 200-DMA 1.2397
Resistance 10-HMA 1.2653, Thursday high 1.2729, 55-DMA 1.2778
Source:
Refinitiv IFR Research/Market Commentary