Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 12 - 03:55 PM

GBP/USD - Slide On Weak UK GDP Reversed On Low US Rate, Employment View

By Paul Spirgel  —  Aug 12 - 01:35 PM
  • GBP/USD ending NorAm -0.05% at 1.3036, NY range 1.3166-1.3106

  • Pair under pressure o/n on UK data misses, rallied on USD weakness post-CPI

  • UK econ faces long climb back to health after historic 20% crashnL8N2FE1EL

  • US inflation, fiscal clouds keep sterling off lows nL1N2FE0XA

  • Minor Fib supt by 1.3019 probed, holds; below 10-DMA bears gain momentum

  • Recent failures above 1.3100, ahead of Mar highs by 1.3200 aids bearish view

  • Shallow dip from highs hint bulls may not be ready to cede control

  • EUR/GBP +0.53% at 0.9041, Wed range 0.9053-0.8991; UK econ woes favor 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
© 2020 eFXdata · All Rights Reserved
!