By Rob Howard — Oct 11 - 09:35 AM
corrects date of low
Cable reaches 1.2323, high since Sept 21, after adding to recent gains
Those gains have been aided by profit-taking on short positions
IMM speculators flipped to first net GBP short since April in week to Oct 3
1.2039 was 29-week low on Oct 4, before UK services PMI upwardly revised
UK August GDP data due on Thursday at 0600 GMT; growth of 0.2% expected
US House Republicans eye Scalise, Jordan in speaker race nL1N3BH1AU
Source:
Refinitiv IFR Research/Market Commentary