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Sep 10 - 11:55 AM

GBP/USD - Eyes Three-Week Low Before Trump-Harris Debate

By Rob Howard  —  Sep 10 - 09:40 AM
  • Cable hits 1.3065 after extending south from 1.3108 (London morning high)

  • 1.3065 is seven pips shy of Asian session three-week low (pre-UK jobs data)

  • Harris-Trump debate gets underway at 9pm ET (scheduled to last 90 minutes)

  • GBP/USD might drop towards 1.3000 if Trump is perceived to "win" debate

  • Conversely, a perceived debate "win" for Harris might lift cable to 1.3145

  • UK July GDP data due Wednesday at 0600 GMT; growth of 0.2% f/c vs 0.6% in Q2

Source:
Refinitiv IFR Research/Market Commentary

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