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Oct 26 - 05:55 AM

GBP/USD - Above 1.15 For First Time Since Mid-September

By Rob Howard  —  Oct 26 - 03:40 AM
  • Cable hits 1.1552 after tripping stops above 1.1500 (Tuesday's top)

  • 1.1552 is highest level since Sept 14 (1.1549 was Sept 15 high)

  • GBP continues to benefit from the change at Number 10 nL8N31R24P

  • USD hurt by lower UST yields: 10-year down to 4.05% nL8N31R2DW

  • 1.1500 is now a GBP/USD support point. 1.1432 was Asian session low

  • IMM specs upped net GBP short to 4-week high before Truss quit nL1N31P0O9

Source:
Refinitiv IFR Research/Market Commentary

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