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TDUX
Aug 13 - 05:55 PM

GBP/USD - Whipsaws Around UK, US Data Ending Session Near Trend Lows

By Refinitiv  —  Aug 13 - 01:55 PM

• GBP$ weakened in NY afternoon, -0.10% at 1.3483; NorAm range 1.3513-1.3484

• Despite slight yaw after UK GDP/output and US PPI data, pair remains anchored near 1.35

• UST yields off session low support slight USD bid in NY afternoon

• Next key data UK CPI Aug 19; a event but prob not a major mover given seasonal factors

• Most data moot considering the recent oil vol around Mideast conflict, MoU unraveling

• GBP$ supt 1.3475 daily low Aug 13, 1.3413/10 the 200/100-DMA area, 1.3334 Jul 30 low

• Res 1.3513 Thursday high, 1.3553 upper 30-d Bolli, 1.3610 May 10 daily high

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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