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Sep 12 - 04:55 AM

GBP/USD - Helped To Intra-Day High By Global Stock Gains

By Rob Howard  —  Sep 12 - 02:45 AM
  • Cable rises to 1.3054 as risk-sensitive pound benefits from equity gains

  • Nikkei up 3.4%; European stock futures positive. 1.3054 = intra-day high

  • 1.3003 was 3-week low Wednesday as USD rose on less dovish Fed expectations

  • Markets see 13% chance of 50 bps Fed cut next week vs 29% chance pre-US CPI

  • FEDWATCH. BoE is expected to keep rates unchanged next week nL4N3KS11J

  • GBP/USD resistance levels include 1.3071 (Wednesday's Asia low) and 1.3100

Source:
Refinitiv IFR Research/Market Commentary

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