Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 07 - 03:55 PM

GBP/USD - Hits New 2023 Low After Powell Talks Higher Fed Rate Path

By Paul Spirgel  —  Mar 07 - 01:35 PM
  • Sterling slides to 2-month low, -1.5% at 1.1848; Tues range 1.2065-1.1845

  • Pair ends NY on session lows after Fed's Powell talks higher U.S. rate path

  • Hawkish Powell testimony sends sterling plunging nL1N35F1LS

  • GBP$ supt at 1.1834 Tues low, 1.1813 lower 30-d Bolli, 1.1780 Nov 21 low

  • Res 1.1880lower 30-hr Bolli, 1.1910 200-DMA (fmr supt), 21-DMA 1.2038

  • EUR/GBP +0.44% at 0.8917, Tues range 0.8924-0.8859; ECB seen more hawkish than BoE

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!