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Nov 01 - 08:55 AM

GBP/USD - Maintains 1.15 Handle After China, HK Stocks Jump

By Rob Howard  —  Nov 01 - 06:55 AM
  • Cable has traded on 1.15 handle since the London open; 1.1503-1.1553

  • 1.1553 = intra-day high, as China/HK stock gains lifted risk-sensitive pound

  • 1.1460 was early Asian session low, after USD strengthened into month-end

  • GBP/USD has fallen in 14 of the past 22 Novembers nL1N31X0JU

  • Fed rate decision Wednesday; another 75 bps hike expected nL1N31T23V

  • BoE QT gets underway today, ahead of BoE rate hike Thursday nL8N31S5S1

Source:
Refinitiv IFR Research/Market Commentary

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