Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 27 - 01:55 PM

GBP/USD - Dips As Bulls Lighten Longs Ahead Of Key Fed, BoE C.bank Meetings

By Paul Spirgel  —  Oct 27 - 01:25 PM
  • GBP$ soft into NY close, -0.3% at 1.1595; NorAm range 1.1634-1.1550

  • Pair giving back gains after hitting 6-wk high despite less-hawkish Fed view

  • Sterling bulls temper enthusiasm in mid-1.16s ahead of c.banks nL1N31S1OR

  • Pair offered ahead of upper 30-d Bolli (1.1670), daily cloud top 1.1752

  • Support at daily cloud base 1.1561, Thursday low 1.1550, 55-DMA 1.1447

  • Bears in control while above 1.1285 the 50% Fib of 1.0925-1.1645 rise

  • EUR/GBP -0.63% to 0.8614, Thurs range 0.8686-15; mkt wanted more hawkish 75bp hike from ECB

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!