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Jan 06 - 03:55 AM

GBP/USD - Deflated By Risk Aversion After Hawkish Fed Minutes

By Rob Howard  —  Jan 06 - 02:28 AM
  • Cable falls to 1.3515 courtesy of risk aversion on hawkish Fed minutes

  • See: nL1N2TL1UHnL1N2TL2GC. GBP is risk-sensitive; USD is a safer-haven

  • 1.3515 = 50% of 1.3431 (Monday's low) to 1.3599 (Wednesday's two-month high)

  • Wednesday's high was posted half-an-hour before FOMC minutes were published

  • Nikkei closed down 2.88% today nL4N2TM15I. European stock futures down 2%

  • See: nL4N2TM1B3. 1.3480 and 1.3461 are GBP/USD support points sub-1.35

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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