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TDUX
Aug 20 - 01:55 AM

GBP/USD - Holds Gains, Hovers Near A Three-Month High

By Krishna Kumar  —  Aug 19 - 11:51 PM

• GBP/USD consolidates in Asia after closing 0.55% higher on Wednesday

• Boosted by Treasury's support measures aimed at capping long-dated yields

• Supported by lower U.S. yields and receding Fed rate-hike expectations

• Fed July meeting minutes show 'many' officials saw need for a rate hike

• But taken in stride as benign July inflation and jobs data preclude Sep hike

• UK July inflation rises as expected, leaves BoE rate outlook unchanged

• Resistance 1.3650-60, 1.3690-1.3700, support 1.3560-70, 1.3525-30

• Wednesday range 1.3525-1.3630, Asia 1.3597-1.3614
GBP:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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