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Jul 31 - 01:55 PM
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GBP/USD - Maintains 1.34 Handle Amid Ongoing Yen Focus
By Robert Howard — Jul 31 - 10:17 AM
• Cable elicits support pre-1.3400 after drop from 1.3432
• 1.3432 was high after dollar weakened on U.S. Treasury news
• U.S. Treasury informed banks that it may intervene in yen, source says
• 1.3400 is a former resistance level turned support point
• New UK finance minister Healey to unveil his first budget on October 28
• BoE's Pill (hawk) sees risk of 'insidious' build-up of
inflation pressures
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters