By Paul Spirgel — May 24 - 01:35 PM
GBP$ ending NorAm -0.4% at 1.2537, Tuesday's range 1.2600-1.2475
Early slide on UK PMI misses nL2N2XG0LM pared after US PMIs, hm sales slip
Sliding PMIs, recession fears raise sterling risks nL2N2XG1AO
Wednesday's Fed minutes in focus for hints at near-term Fed hike path
Less-hawkish Fed path may lead to resumption of GBP$ rise from trend lows
Res at Mon-Tues dbl top by 1.2600, then 1.2652, 50% Fib of 1.3170-1.2156
Supt 1.2475 Tuesday low, 1.2432 21-DMA, May 17-19 low area just below 1.2350
EUR/GBP +0.75% to 0.8562, Tues range 0.8585-0.8482; hawkish EZ hike tones lifts EUR
GBP Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary