Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 31 - 04:55 AM

GBP/USD - Drops Towards 1.2700 Before US Core PCE Data

By Rob Howard  —  May 31 - 03:50 AM
  • Cable drops to threaten 1.2700 before US April core PCE data at 1230 GMT

  • 0.3% MM; 2.8% YY f/c. Support points below 1.2700 include 1.2675 and 1.2650

  • USD could strengthen if core PCE hotter than expected - or weaken if cooler

  • 1.2747 was Thursday high, after downward revisions to US Q1 data hurt dollar

  • Trump becomes first US president convicted of a crime nL1N3HX34H

  • Biden allows Ukraine limited use of US arms to strike inside Russia

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!