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Sep 27 - 04:55 AM

GBP/USD - Expiry Attracts After Second Fail By March 2022 Top

By Rob Howard  —  Sep 27 - 03:10 AM
  • Cable gravitates towards 1.3370 option expiry after second fail by 1.3437

  • 1.3434 was Thursday's new 30-month high (1.3437 was March 2022 peak)

  • Ascent to 1.3434 fuelled by global stock gains (pound is risk-sensitive)

  • 1.3430 was Wednesday's high (before drop to 1.3314 on profit-take flow)

  • UK rethinking tax raid on foreign wealth, media reports say nL8N3L9097

  • US August core PCE data due at 1230 GMT; 0.2% MM is consensus forecast

Source:
Refinitiv IFR Research/Market Commentary

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