Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 03 - 01:55 PM

GBP/USD - Rallies Into NorAm Close On Cautious Fed Member Comments

By Paul Spirgel  —  Aug 03 - 01:30 PM
  • GBP/USD firm into NY cuts loss to -0.5% at 1.3060; NY range 1.3066-05

  • Broad USD bid ebbs in NY aft on cautious Bullard, Barkin nL1N2F5113

  • BoE looms as GBP bulls retreat ahead of March's 1.3200 high nL1N2F50OZ

  • Recent GBP gains may limit further rise, on dour BoE rate, Brexit view

  • GBP bulls in control on recent USD weakness DMA's support 1.2905-1.2433

  • Rise above Mar high 1.3200 opens way for Dec 2019 highs 1.3284, 1.3516

  • Below daily cloud, 100-DMA (1.2464/33) puts June 29 low 1.2252 in focus

  • EUR/GBP -0.11% at 0.8996, Mon range 0.9013-0.8984; cross flows light FXHEAT

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!