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TDUX
Sep 01 - 07:55 AM

GBP/USD - Ranges Compress, Bias Leans Lower Amid USD Lift

By last week's low  —  Sep 01 - 05:16 AM

• GBP/USD holds a narrow range but bias leans lower as U.S. yields surge

• Dollar continues to firm post-Warsh, with market pricing now at 67% for a Sept Fed hike

• Cross-selling in EUR/GBP offers some support, but cable remains driven by USD dynamics

• Initial support at 1.3527 (last week's low), a break opens 1.3500 then 1.3442 (200-day MA)

• Resistance sits at 1.3600, then 1.3675
GBPUSD daily


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))

Source:
London Stock Exchange Group | Thomson Reuters
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