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Oct 28 - 07:55 AM

GBP/USD - Supported Pre-1.15 Ahead Of U.S. Core PCE Data

By Rob Howard  —  Oct 28 - 06:10 AM
  • Cable elicits support just shy of 1.1500 after falling on risk aversion

  • China stocks tumble amid COVID flare-ups, policy uncertainties nL1N31T0I7

  • USD is safe-haven; GBP is risk-sensitive. 1.1500 was Tuesday's low

  • Stops above 1.1500 were tripped on Wednesday (1.1645 = 6-week high Thursday)

  • U.S. Sept core PCE index due at 1230 GMT; 5.2% YY vs 4.9% in Aug

  • Fed and BoE rate decisions next week (Nov 2/3) nL1N31T0P1nL8N31S9LR

Source:
Refinitiv IFR Research/Market Commentary

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