Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

GBP/USD hits 18-day low after US durable goods ex-transport beat

  • Cable deflated by greater Fed expectations

  • Hits 18-day low by 1.5360 after US durable goods ex-transport beat

  • Recent hawkish shift in Fed hike expectations = key source of support for USD

  • Ensuing recovery rally topped out just shy of 1.54 (1.5393 = May 11 low)

  • June 17, July 29 & Sept 17 are next 3 FOMC rate announcement dates

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.