
Weak CPI Knocks Dollar Down as GBP/USD Reclaims 1.3400
GBP/USD is back near 1.3400, but the rally looks more like dollar weakness than fresh faith in sterling.
Jul 15, 20266 min read0 reactions0 comments
Tag archive

GBP/USD is back near 1.3400, but the rally looks more like dollar weakness than fresh faith in sterling.

GBP/USD has momentum, but 1.3400 and the 1.3420 to 1.3520 resistance band are blocking a clean sterling breakout.

GBP/USD has climbed for eight straight days, but 1.3400 and the 200-day EMA are the line bulls still need to break.

GBP/USD hit a 10-day high after a weak NFP print crushed Fed hike bets and knocked the Dollar lower.

GBP/USD sank toward 1.3200 after the BoE held rates at 3.75%, with hawkish dissent failing to rescue the Pound.