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Jun 16 - 11:55 AM

GBP/USD - Respects Ldn Am Low After Sliding Into Powell

By Rob Howard  —  Jun 16 - 10:20 AM
  • Cable elicited support near 1.2610 (Ldn am high) after falling from 1.2681

  • 1.2681 was high after big U.S. May retail sales data beat nL1N2DT0U6

  • That high was a pip shy of the late Asian session top (high since June 11)

  • Powell says U.S. economic recovery hinges on virus being under control

  • See: nW1N2D9028. 1.2610 = seven pips shy of Monday's high nL1N2DT0HA

  • BoE MPA Thursday; QE increase of at least GBP 100bn expected nL1N2DS0DN

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Refinitiv IFR Research/Market Commentary


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