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TDUX
Jul 08 - 05:55 PM

GBP/USD - Shrugs Off Geopolitical Volatility, Tests Trend Highs Above 1.34

By Refinitiv  —  Jul 08 - 02:17 PM

• GBP$ firm in NY afternoon trade, +0.32% at 1.3401; Wednesday range 1.3410-1.3323

• Early NorAm dip on back of Trump comments on Iran MOU being over reversed

• Pair hits fresh 3-week high at 1.3410, offers noted by daily cloud base at 1.3409

• Fed minutes give no new clues on policy path, data dependent remains Fed's guidance

• Fed policymakers saw inflation concerns mounting at June meeting, minutes show

• GBP$ res 1.3410 Wed high, 1.3460 daily cloud top/June 15 high, 1.3516 upper 30d Bolli

• Supt 1.3338 30-DMA, 1.3323 Wednesday low, 1.3276 daily low July 2



Sterling Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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