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Sep 15 - 03:55 PM

GBP/USD - Rises Back Near Upper End Of Recent Range Ahead Of Fed, BoE

By Paul Spirgel  —  Sep 15 - 01:40 PM
  • GBP/USD firm into NY close +0.47% at 1.2904; NorAm range 1.2927-1.2842

  • Pair rallied on upbeat UK jobs data, offered offer ahead of 55-DMA (1.2935)

  • Brexit uncertainties heightened on PM's Internal Market Bill nL8N2GC5NB

  • Focus now shifts to FOMC Wednesday, BoE Thursday; neither exp'd to act

  • Above 55-DMA, daily cloud top (1.2945), 10-DMA (1.3041) in view

  • Bulls need a rise above 1.3122, the 50% Fib of 1.3481-1.2763 to gain control

  • EUR/GBP -0.44% at 0.9186, Wed range 0.9258-0.9184; GBP shorts lighten ahead of Fed/BoE

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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