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Nov 23 - 03:55 AM

GBP/USD - Hits 11-Day Low As Greenback Basks In Powell Glow

By Rob Howard  —  Nov 23 - 02:29 AM
  • Cable hits 1.3380 as USD continues to benefit from Powell's reappointment

  • See: nL1N2Q11LHnL1N2SD2OM. 1.3380 is the lowest level since Nov 12

  • 1.3354 was 11-month low on Nov 12 (which option-related bids helped define)

  • 1.3410 (Friday's low) is now a resistance level. 1.3449 was Monday's high

  • UK Nov flash PMIs due at 0930 GMT; service PMI f/c 58.5, mfg PMI f/c 57.3

  • BoE MPC dove Haskel to speak about "High inflation now and then" at 1100 GMT

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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