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TDUX
Aug 28 - 07:55 AM

GBP/USD - Holds Sub-1.36 Before Warsh's Jackson Hole Speech

By Robert Howard  —  Aug 28 - 06:58 AM

• Cable remains below 1.36 before Warsh's Jackson Hole speech at 1400 GMT

• 1.3580-1.3597 is Friday range-to-date. 1.3571-1.3602 was Thursday range

• GBP/USD was on 1.36 handle before hotter than expected U.S. PCE data Wednesday

• Three Fed officials issued inflation warnings at Jackson Hole on Thursday

• Next Fed rate decision is on September 16, day before next BoE rate verdict

• Pound can bank on another 6-3 rate hold vote in September

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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