A Data Partner of:
Refinitiv
Mar 03 - 11:55 PM

GBP/USD - Price Pressures Continue - Stocks, UST Yields Slide

By Andrew Spencer  —  Mar 03 - 10:07 PM

• -0.05% in a 1.2689-1.2708 range with moderate flow on FX Matching

• Trump halts all U.S. military aid to Ukraine, White House official says

• Stocks slump, Nikkei -1.8%, AsiaxJP -0.55%, FTSE Index -0.55%, 10yr UST -4bp

• UK prices to rise as retailers pass on higher employment costs, BRC

• Charts - 5, 10 & 21-day MAs climb, as 21-day Bollinger bands head higher

• Positive daily momentum studies - the bounce leaves a bullish setup

• The 1.2566 21 DMA and the 1.2560 base on Friday are initial support

• 1.2730 Dec 18 top then 1.2785 200-day moving average are first resistance

• A sustained break of the 1.2566 21-day moving average ends the topside bias
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

eFX Apex

FX Institutional-Grade Data Hub

  • 100 Active FX Orders
  • Receive up to 3,000 TDUX Coins per month
  • PlusHD: Discretionary trades
  • Edge: Sentiment trades
  • Alpha: Systematic trades
  • 100 LSEG machine-readable FX Insights per day
Join the APEX Waitlist
All Orders data are tokenized on-chain by Cuneus Data Lab Inc
TDUX Coin Liquidity is managed by L18C

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!