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White House Press Secretary Karine Jean-Pierre is shortly due to begin her daily press conference.
GBPUSD traded lower but has found support at 1.2431 - for now. Attention is on a key resistance at the 50-day EMA that intersects at 1.2690 Tuesday. Clearance of this average is required to strengthen short-term bullish conditions. The broader trend direction is down though and the trigger for a resumption of the downtrend is 1.2156, May 13 low. A deeper pullback would expose 1.2317 initially, the May 17 low.
NY Fed reverse repo usage climbs to new record high of 2,091.395B w/ 98 counterparties vs. 2,040.093B prior session, compares to prior record of $2,044.658B from Monday, May 23.
NY Federal Reserve/MNI