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Sep 25 - 04:55 AM

GBP/USD - Hugs 1.3400 After Scaling New 30-Month Peak

By Rob Howard  —  Sep 25 - 02:50 AM
  • Cable hugs 1.3400 as it consolidates gains from 1.3249 (Monday's low)

  • 1.3430 was new 30-month high in Asia (seven pips shy of March 2022 peak)

  • S&P 500 closed at new record high Tuesday; positive for risk-sensitive GBP

  • Harris widens lead over Trump to 47% vs 40%, Reuters Ipsos poll finds

  • Harris election win may keep USD bears in clover. US election Nov 5

  • MPC hawk Greene due to speak at 0800 GMT. Next BoE rate decision Nov 7

Source:
Refinitiv IFR Research/Market Commentary

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