By Paul Spirgel — Oct 21 - 01:40 PM
Sterling -0.47% to 1.2989 in NorAm afternoon, Monday range 1.3058-1.2978
Pair soft amid broad USD strength as UST long yields trade +10bp
BoE's Greene talks gradual cuts, but if consumption falls faster cuts on tap
LSEG's IRPR shows Fed-BoE on similar policy paths in 2024/25
If upcoming BoE speakers, flash PMIs are tipped dovish further dip in order
GBP$ supt at 1.2975 Oct 17 low, 1.2961 the 1200-DMA, 1.2909 lwr 30-d Bolli
Res 1.3010 falling 10-HMA, 1.3058 Monday high, 1.3099 the rising 55-DMA
Source:
Refinitiv IFR Research/Market Commentary