By Paul Spirgel — Apr 07 - 02:14 PM
GBP/USD soft into NY close -0.6% at 1.3741; NorAm range 1.3828-1.3728
Bears wary of daily cloud base support by 1.3715, for now
Fed mins stick to low rate narrative, not ready to taper nW1N2L301E
Pair dominated by broad GBP selling versus the euro and JPY
Recent EUR, JPY spec sales reverse as relative growth, COVID views converge
GBP bears gain momentum; sub-1.3670, Fib & trend low gives bears control
EUR/GBP +0.7% at 0.8647, Wed range 0.8662-0.8582; EZ COVID, growth recovery tones stirs EUR buying
Source:
Refinitiv IFR Research/Market Commentary