Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 20 - 03:55 PM

GBP/USD - Whipsaw After US Claims Miss Leaves Bears Bruised

By Paul Spirgel  —  Aug 20 - 01:40 PM
  • GBP/USD well bid into NY close +0.58% at 1.3189; NorAm range 1.3201-1.3065

  • Sterling gains outpace JPY & EUR after US jobless claims miss nL1N2FM119

  • EUR/USD weakness gives sterling a reprieve, but only for now nL1N2FM0V8

  • GBP/USD above key 1.3185 former res, puts Tuesday high by 1.3276 in focus

  • Support at 1.3100, the 10-DMA, 1.3065 Thursday's low & 1.2982, the Aug 4 low

  • EUR/GBP -0.58% to 0.8985, Thurs range 0.9068-0.8982; Hawkish ECB lean on PEPP hits EUR

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!