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Oct 23 - 07:55 AM

GBP/USD - Deflated By Weaker Than Expected UK Sept Flash PMIs

By Rob Howard  —  Oct 23 - 06:05 AM
  • Cable retreats to test 1.3082 (Asia high) after weaker than expected UK PMIs

  • See: nL8N2HE2RD. 1.3111 was high before UK PMIs vs 1.3051 early Ldn low

  • 1.3051 is the low water-mark since Wednesday's six-week peak of 1.3177

  • Wednesday's peak was scaled on news EU and UK trade talks to resume

  • Back at the Brexit table, UK and EU try to tackle fish nL8N2HE1RB

  • There is a big 1.3100 option expiry for the 10am ET NY cut, GBP 933mn strike

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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