Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 04 - 05:55 AM

GBP/USD - Up To Two-Week High Before UK Fiscal Plan Date News

By Rob Howard  —  Oct 04 - 03:35 AM
  • Cable hits 1.1418 (highest since Sept 20) after extending north from 1.1087

  • 1.1087 was Monday's low, before UK govt's tax U-Turn lifted GBP nL8N31413V

  • UK govt's fiscal plan is also being brought forward from Nov 23 nL1N31421L

  • Risk-sensitive pound benefits from global equity gains too: Nikkei up 3%

  • See: nL4N31514P. 1.1460 was Sept 20 high (day before 75 bps Fed rate hike)

  • 1.1333 (Monday's high) is now a support point (1.1235 was Friday's high)

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!