Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 29 - 03:55 PM

GBP/USD - Early NorAm Gain Pared As Ukraine Peace Remains Elusive

By Paul Spirgel  —  Mar 29 - 01:40 PM
  • GBP/USD slides into NY close -0.2% at 1.3070; NorAm range 1.3157--1.3061

  • Early USD haven unwind on abating Ukraine angst ebbs into NY afternoon

  • Blinken says no sign Russia serious on Ukraine peace efforts nL2N2VW1QI

  • UST yields off session lows add to USD afternoon bid, US-GB spreads diverge

  • Sterling reprieve may be short lived if 10-DMA resistance holds nL2N2VW1BF

  • GBP$ bulls respect 10/21-DMA res by 1.3165, res above at Mar 25 high 1.3223

  • Support at Tues low 1.3052, Mar 16 low 1.3036, 2022 low at 1.3000

  • Below 1.30 GBP$ bears target early Nov low at 1.2845

  • EUR/GBP +1.07% to 0.8480, Tues range 0.8480-0.8387; EZ-UK rate convergence favors 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
© 2022 eFXdata · All Rights Reserved
!