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Jul 20 - 03:55 PM

GBP/USD - Slips To 5-1/2 Month Low At 1.3573, Eyes 55-DMA Support By 1.3503

By Paul Spirgel  —  Jul 20 - 01:39 PM
  • GBP/USD ends NorAm -0.33% at 1.3625, after putting in 5-1/2 month low 1.3573

  • Post-Brexit, Delta-variant angst weighs on GBP versus USD and EUR EURGBP=

  • Sterling's slide sub-200-DMA gains traction, 55DMA by 1.35 eyed nL1N2OW13P

  • GBP 2021 gain vs USD evaporates, currently -0.38% YTD; +3.2% gain vs EUR

  • GBP/USD supt 1.3573 Tues low, 1.3503 55DMA; then 50% of 1.2676-1.425 1.3463

  • EUR/GBP +0.22% at 0.8647, Tues range 0.8669-21; EZ-UK rate views converging

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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