Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 26 - 01:55 PM

GBP/USD - Weighed Down By Fed +75Bp Hike Expectations, Need BoE Help On Aug 4

By Paul Spirgel  —  Jul 26 - 01:30 PM
  • GBP$ off early NorAm low closing NY -0.17% at 1.2030; NY range 1.2055-1.1965

  • Pair moved successively lower from Asia session high 1.2090

  • Fed +75bp Wednesday in focus; GBP traders unsure of +25 or +50 at Aug 4 MPC

  • GBP$ needs help from the Fed, BoE to make run at mid-June high nL1N2Z715N

  • Res at 1.2083, 50% Fib of 1.2405-1.1761 bruised but intact on closing basis

  • Above Tues high 1.2090 eyes Jul 5 high 1.2126, 1.2214 50% of1.2667-1.1761

  • Support at 10-DMA 1.1961 then Jul 18 low 1.1864

  • EUR/GBP falls 0.74% to 0.8419, Tues range 0.8491-05; EZ recession fears weigh on EUR

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!