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May 21 - 03:55 PM

GBP/USD - Slips From 3-Month High In NorAm After PMI Beats, Upbeat Fed

By Paul Spirgel  —  May 21 - 01:44 PM
  • GBP/USD slips into weekend, -0.28% at 1.4150; NorAm range 1.4219-1.4141

  • Early UK data beat gain to 1.4233, just ahead of 2021 high reversed

  • UK data beats have sterling bulls targeting 2021 high by 1.4240 nL2N2N819L

  • US PMI beats and Fed speakers talk abt taper talk lifted USD in US afternoon

  • Fed's Kaplan, Barkin, Bostic and Harker on US economy nS0N2LF00S

  • EUR/GBP dips 0.21% to 0.8601, Fri range 0.8629-0.8584; UK data beats trump cautious Lagarde nF9N2KZ01N

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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