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TDUX
Nov 10 - 11:55 PM
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GBP/USD - Inches Higher; Choppy Trading Set To Persist

By Krishna Kumar  —  Nov 10 - 10:11 PM

• GBP/USD steadies in Asia after closing 0.7% lower on Tue on sticky US CPI

• Undermined by hawkish Fed talk, possibility of more aggressive rate hikes

• Waller floats 50 bps Dec rate hike, Logan says rapid rate-hike pace possible

• GBP seen in a choppy 1.3300-1.3500 range as hawkish BoE offsets Fed hawks

• UK inflation to overshoot BoE target for next 4 years, NIESR forecasts

• UK Q3 and Sep GDP, industrial and manufacturing output, trade data due Thu

• Support 1.3300-10, 1.3270-75, resistance 1.3400-10, 1.3430

• Tuesday range 1.33115-1.3459, Asia 1.3343-1.3355
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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