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Apr 30 - 01:55 PM

GBP/USD - Slide Into Month-End Enhanced By Upbeat US Data, Kaplan Taper Talk

By Paul Spirgel  —  Apr 30 - 01:30 PM
  • GBP/USD soft into NY close -0.87% at 1.2823; NY range 1.3922-1.3807

  • Month-end selling, upbeat US data [nL1N2MN142} & Kaplan taper talk lift USD

  • Fed's Kaplan warns on 'imbalances,' wants to talk taper nL1N2MN1IJ

  • Sterling slips into month-end, bulls look to BoE for assistance nL1N2MN18J

  • Dip below 1.3839, 50% Fin of 1.3670-1.4009 dents bullish structure

  • GBP bulls need a boost above the 10-DMA (1.3910) to stem the bearish tide

  • EUR/GBP ending NY +0.05% at 0.8703, Fri range 0.8715-0.8683

  • GBP longs lean extra hard on GBP, lightening positions ahead of Thurs BOE

For more click on FXBUZ


GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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