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TDUX
Aug 24 - 08:55 AM

GBP/USD - Respects Friday Low; Bessent Briefing Ahead

By Robert Howard  —  Aug 24 - 07:46 AM

• Cable has traded a 27 pip range since the London open; 1.3621-1.3648

• The base of that range is two pips above Friday's low

• 1.36745 was Friday's six-month high (before retreat to 1.3619)

• Support points below 1.3619 include 1.3600 and 1.3571 (August 17 high)

• Bessent will give a press conference on Iran sanctions at 1700 GMT

• Bond market anxiety raises stakes for Warsh's debut Jackson Hole speech

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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