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Jun 17 - 01:55 PM

GBP/USD - Tests 100-DMA Support, Bounces; Bears Remain Wary Of Brexit, BoE

By Paul Spirgel  —  Jun 17 - 01:30 PM
  • GBP/USD off session lows, ending NY 1.2539 -0.25%; NorAm range 1.2588-12

  • Pair soft into London fix, longs lighten ahead of expected BoE hold

  • Sterling slide intensifies as dollar firms, BoE looms nL1N2DU0YG

  • Brexit uncertainties linger nS8N2AH079, BoE likely ups QE nL1N2DU06Z

  • Supt at 100DMA (1.2526) bruised but holding, res 10DMA 1.2632, 200DMA 1.2692

  • EUR/GBP sideways ends NY 0.8955 -0.04%, Wed range 0.8990-39, res by 0.90 remains firm

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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