Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 22 - 03:55 PM

GBP/USD - Retreats From 2024 High As UST Yields Rise Pre-Powell J-Hole Speech

By Paul Spirgel  —  Aug 22 - 01:40 PM
  • GBP$ -0.07% at 1.3083 in NY afternoon trading; NorAm range 1.3130-1.3081

  • Pair drifted to 2024 high 1.3130 after UK flash PMIs beat sank BoE cut odds

  • Sterling hits 2024 high after upbeat flash PMIs nL1N3K90M5

  • UST yields rising, Fed cut view tempers ahead of Powell comments Friday

  • Recent longs taking profit, prudently, ahead of Friday's J-Hole speakers

  • LSEG's IRPR pricing 24% odds for -50bp in Sept; -96bp into YE 2024

  • BoE priced 28% odds for -25bp in Sept; further 40bp of cuts by yearend

  • GBP$ res at 1.3130 Thursday 2024 high, 1.3181 Mar 28 2022 high

  • Supt 1.3081 Thurs low, 1.3058 the 55-HMA, 1.3020 23.6% Fib of 1.2666-1.3130

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
!