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Sep 14 - 03:55 PM

GBP/USD - Gains Pared After PM Johnson Defends Controversial Brexit Bill

By Paul Spirgel  —  Sep 14 - 01:40 PM
  • GBP/USD off highs into NorAm close, +0.55% at 1.2865; NY range 1.2918-1.2854

  • Early gains on Tory bill revolt pared after PM comments nS8N2ES02G

  • Sterling bulls eye cloud top by 1.2936, despite Brexit woes nL1N2GB0RV

  • GBP/USD support by lwr 30-d Bolli (1.2826), Mon low 1.2785

  • Resistance 55-DMA (1.2926), daily cloud top (1.2936); Minor Fib at 1.3037

  • Fed Wed, BoE Thurs may sap liquidity, though no changes are exp'd EM

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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