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