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Jun 25 - 03:48 PM
GBP/USD - Less Dovish Powell Weighs On GBP/USD Into NY Close
First appeared on eFXplus on Jun 25 - 01:40 PM
  • GBP/USD weak into NY close -0.49% at 1.2676; NorAm range 1.2753-1.2672
  • Fed's Powell moderates dovish Fed tone, sees strong U.S. growth
  • GBP/USD dogged by UK political, Brexit fears; potential no-deal Brexit
  • Hunt would make decision on no-deal Brexit before Oct 31 nL8N23W5E6
  • GBP/USD fails again abv 1.2750, eyes 10-DMA support 1.2657
  • EUR/GBP +0.09% at 0.8954; USD broadly weak into close, Brexit angst hits GBP

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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