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Sep 24 - 03:55 PM

GBP/USD - Eyes Retest Of Trend Lows Near 1.36, As Hawkish BoE Tones Temper

By Paul Spirgel  —  Sep 24 - 01:42 PM
  • Sterling weak into NorAm close, -0.34% at 1.3675; NorAm range 1.3696-1.3660

  • Rising infl may prod BoE to hike early in 2022, but supply issues limit gain

  • Thursday hawkish BoE tones shrugged off, amid China crypto/Evergrande angst

  • Sterling resistance by 10DMA holds, recent lows by 1.36 in view nL1N2QQ1AG

  • GBP/USD res abv 10-DMA at daily cloud base 1.3761, then 200-DMA at 1.3862

  • Supt at Fri low 1.3660, lower 30-d Bolli at 1.3615, Jul 20 low 1.3573

  • EUR/GBP gains 0.19% to 0.8570, traders wary above 30-WMA by 0.8587, for now

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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