By Rob Howard — Oct 09 - 03:50 AM
Cable drops to 1.3057, low since Sept 12, as dollar adds to recent gains
1.3057 is 2.5 pips under Monday's low (1.3050 is 50% of 1.2666-1.3434)
USD underpinned by hawkish shift in Fed expectations since big NFP beat
Pound weighed down by dovish guidance from BoE chief Bailey last week
UK finance minister Reeves to unveil budget on Oct 30 (first since election)
Reeves likely to free up borrowing by excluding BoE losses, Guardian reports
Source:
Refinitiv IFR Research/Market Commentary