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Jun 10 - 03:55 PM

GBP/USD - Slides As Soft UK Payrolls, Earnings Support Dovish BoE Outlook

By Refinitiv  —  Jun 10 - 02:03 PM

• GBP$ slips into NY close, -0.39% at 1.3495; Tuesday range 1.3563-1.3458

• UK payroll dip, below-f/c earnings weighed early, BoE policy seen more dovish

• Sterling under pressure after dour payrolls signal softer BoE rate path

• Focus shifts to Wednesday US CPI, Thursday UK GDP for near-term policy paths

• U.S.-China trade talks remain a key focal point talk remain ongoing

• GBP$ supt 1.3458/53 Tues low/21-DMA, 1.3378 daily base line

• Res 1.3524 100-HMA, 1.3563 Tuesday high, 1.3635 upper 30-d Bolli



GBP Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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