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Nov 14 - 04:55 AM

GBP/USD - Deflated By Waller Following 11-Week High Friday

By Rob Howard  —  Nov 14 - 02:35 AM
  • 1.1744 is low water-mark for cable since Friday's 11-week peak of 1.1855

  • Retreat to 1.1744 influenced by hawkish comments from the Fed's Waller

  • See: nL1N3290MM. 1.1732 and 1.1700 are support points under 1.1744

  • 1.1732 was Thursday's high, after USD sank on softer than expected U.S. CPI

  • House control hinges on tight races after Democrats take Senate nL8N32A0C3

  • UK must raise taxes and cut spending, Hunt says ahead of budget nL8N329060

Source:
Refinitiv IFR Research/Market Commentary

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