Sterling caught between its 10-DMA and big-figure support at 1.30
Sterling continued to tread cautiously around 1.30, trading between its falling 10-DMA at 1.3052 and recent lows near 1.30, with upcoming BoE commentary and U.S. election betting likely to drive cable in the near term.
Dollar-friendly Trump trades have been on the rise amid poll gains by former President Donald Trump.
Trump's tariff increases and lower tax policies are expected to keep U.S. rates high, which would boost the dollar bid even against relatively higher yielding economies like the UK.
Sterling watchers await comments this week by a slew of BoE members, including recently dovish Governor Andrew Bailey on Tuesday, and the more hawkish Catherine Mann on Thursday, for clues at the path of near-term BoE policy.
Given the recent declines in UK inflation the calculus for sterling traders lies within the relative paths of expected Fed and BoE rate policy.
The recent dialing back of more dovish Fed expectations, paired with dovish Bailey comments has weighed considerably on GBP/USD.
Should the chorus of UK comments and data hint at a faster BoE cut path GBP/USD longs are likely to continue to unwind, putting Thursday's 1.2975 low and the daily cloud base at 1.2967 in view. If those levels are breached, the 200-DMA at 1.2798 should come quickly into focus.
For more click on FXBUZ
GBP Chart: https://tmsnrt.rs/4fdDgGI
(Paul Spirgel is a Reuters market analyst. The views expressed are his own)
</body></html>
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
