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GBP/USD holds near lows by 1.4910 ahead of Fed minutes

Source: Thomson Reuters


  • Cable drifts lower, holds near NY lows by 1.4910 ahead of Fed minutes

  • Resistance by 1.4977 30-DMA & 1.4986, 23.6% Fib of 1.5554-1.4635 

  • Support lies at 1.4856 200-HMA & 1.4844 daily pivot, 1.4740 Apr 1 low

  • Dudley: Jun US liftoff in play, Fed to act as employment/inflation moves toward target 

  • Moody's: risk of Brexit stronger credit driver than election uncertainty

  • Market Data
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