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TDUX
Nov 10 - 03:55 AM
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GBP/USD - Buoyed By Lower Oil Prices, Asian Stock Gains

By Robert Howard  —  Nov 10 - 02:37 AM

• Cable rises to 1.3456 as pound benefits from lower oil prices, Asian equity gains

• Nikkei up 2.87%; Kospi up 4.39% (GBP is risk-sensitive; UK is a net energy importer)

• 1.3456 is high since Friday (1.3463 was high that day). 1.3350 was Monday low

• US Oct CPI data due at 1330 GMT: 0.3% MM forecast; core CPI f/c 0.2% MM

• BoE's Lombardelli does not rule out December rate hike, she tells the Guardian

• US aircraft evacuated from second UK base due to Iran threat, WSJ reports

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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