Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 25 - 03:55 PM

GBP/USD - Unable To Hold 1.34 Amid Torrent Of Month-End Profit-Taking

By Paul Spirgel  —  Sep 25 - 01:40 PM
  • GBP$ slid 0.67% to 1.3323 in NY afternoon trade; Wed range 1.3430-1.3316

  • UST yield rise aids broad USD surge; GBP longs take profit abv 1.34

  • GBP$ +5.89% since early Aug, 2.1% since Fed cut, BoE hold last week

  • Profit-taking the main hindrance for sterling now nL1N3L70I3

  • GBP bulls remain in control owing to widening UK-U.S. rate differentials

  • Supt 1.3316 Wed low, 1.3267 38.2% of 1.3003-1.3430, 1.3216-50% of same range

  • Res 1.3366 10-HMA, 1.3400 big-figure resistance, 1.3430 Wed 2024 year high

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
!