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Sep 09 - 04:55 AM

GBP/USD - Supported By BoE's 4-4 Draw On Rate Hike Conditions

By Rob Howard  —  Sep 09 - 02:44 AM
  • Cable eyes 1.3784 (Wednesday's NY high) after rising from 1.3755 (Asia low)

  • 1.3784 was notched on info conveyed by BoE Governor Bailey to TSC Wednesday

  • BoE split evenly in Aug on whether basic conditions for rate hike met-Bailey

  • See: nL8N2QA4LF. 1.3727 was 12-day GBP/USD low before Bailey addressed TSC

  • 1.3800 and 1.3822 (200DMA) are resistance levels beyond 1.3784/89

  • MPs back UK PM's tax hike plan (news of which hurt GBP Tuesday) nL1N2QA2AS

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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