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Oct 21 - 04:55 PM

GBP/USD - Slides As UST Yields Rise, Bears Eye Support At 1.2975

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

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