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Oct 29 - 07:55 AM

GBP/USD - Stays Close To 1.38 As Month-End Looms

By Rob Howard  —  Oct 29 - 06:20 AM
  • Cable has traded a 33.5 pip range since the Ldn open: 1.3800 = session high

  • 1.3815 (Thursday's high) and 1.3829 are resistance levels beyond 1.3800

  • 1.3731 was Thursday's early NY low, before U.S. Q3 GDP miss hurt the USD

  • UK consumer credit rose by half the expected amount in Sept nL1N2RP0OK

  • BoE MPA next week: 15 bps rate hike is consensus expectation nL1N2RP0MX

  • France, UK locked in fishing standoff as Brexit tensions mount nL8N2RP2A5

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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