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Jun 14 - 09:55 PM

GBP/USD - In The Wringer As UK Delays Reopening, FOMC Looms

By Ewen Chew  —  Jun 14 - 07:48 PM
  • GBP/USD under pressure inside Bollinger downtrend channel

  • From 1.4112, bearish trajectory points to 1.4000 psych barrier soon

  • US yields rising before FOMC strengthen USD; 10y 1.494%

  • Possibility of Fed thinking of tapering QE being factored in

  • UK extending COVID reopening also negative-GBP nL2N2NW091

  • BOE govenor frets about trillion-pound balance sheet nS8N2MS079

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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